Uber and Lyft Suggest the Days of Cheap Rides Could Be Over Both continue to record big losses.
Lyft officials told investors they had raised prices on routes in some cities in June and touted the company’s upcoming pricing algorithms, which they hinted might be able to more precisely predict what riders might be willing to pay for a ride. 
Lyft said those pricing changes would boost revenue per rider by next quarter. Uber CEO Dara Khosrowshahi said that his company’s rivalry with the other big San Francisco–based ride-hailing company had cooled—for now. “We and Lyft are big-time competitors here and have been for some period of time, but for now we’re seeing, generally, category positions that are stable,” he told investors Thursday. “We are focused on improving profitability in this market.”...
Filed under: Maintenance,Ownership,Safety
Continue reading How to clean the inside of your windshield
How to clean the inside of your windshield originally appeared on Autoblog on Fri, 31 May 2024 16:14:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments
Arrival was founded in 2015 and has 800 employees, but until now has been in “stealth mode,” revealing little about its business model or plans. But this deal is a sign it has been doing something right, says Michael Harley...
Mercedes-Benz's mid-size Metris cargo and passenger vans are getting an update for the 2021 model year, although the updates are rolling out...
Event Over
Take the time and donate, to the Aids Walk with Junior's Auto Repair.
Event Over
