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.”...
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The couple from Meningie, which is around 100 miles south of Adelaide (which is about eight hours north of Melbourne), thought it would be a good idea to slap some special tires on their Ford Falcon to illustrate the upcoming child’s gender. While this seems like a fairly standard way to handle a gender reveal, the car’s tires burst into flame during the burnout........
The 2017-18 auto show season is in full swing, with automakers introducing a number of new cars, trucks and SUVs at shows including the 2018 Detroit Auto Show and 2018 New York Auto Show.
The new tunnel was excavated along a path that runs not through Los Angeles but beneath the tiny adjacent municipality of Hawthorne, where Musk's Boring Company and his SpaceX rocket firm are both headquartered. Musk, best known as head of the Tesla electric car manufacturer and energy company, launched his foray into public transit after complaining on Twitter in December 2016 that L.A.'s traffic was "driving me nuts," promising then to "build a boring machine and just start digging.".....