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: Motorsports,Commerce
Continue reading Miami Grand Prix F1 Race: Everything you need to know before you go
Miami Grand Prix F1 Race: Everything you need to know before you go originally appeared on Autoblog on Wed, 1 May 2024 17:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments
Google is finally ready to offer Android Auto over Wi-Fi despite working with JVC and Kenwood, each of which released head units at CES in January that were compatible with the feature
As the fall new-model season begins to heat up, here’s a look at some of the most interesting and important vehicles debuting between now and fall 2020...
The EV startup burned through $800 million by the middle of 2018 and was seeking an installment of $700 million from Evergrande as operating cash for the remainder of the year, which was expected to see the start of production for the FF 91. Evergrande allegedly refused to provide the $700 million, which triggered the arbitration that is being conducted in Hong Kong.....
