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Market value will be enormous for the global mobility industry – about $5 trillion over the next decade, an industry executive said. Andreas Mai, who recently served as the director of smart connected vehicles at Cisco Systems, estimated that $5 trillion will come from autonomous vehicles, ride-sharing networks, and connectivity. Maj spoke Thursday during the […]

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Google is launching a carpooling service in San Francisco that could take business away from ride-hailing leaders Uber and Lyft. Since May, Google has been testing out a carpool service using the Waze navigation mobile app for commuters to share rides to work, reports the Wall Street Journal. The system connects Waze riders with drivers […]

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Uber lost $1.27 billion in the first half of 2016, with much of that coming from incentivizing drivers, unidentified sources told Bloomberg. On Friday of last week, Uber’s head of finance, Guatam Gupta, gave a financial report during a conference call. While not a public company, ride-hailing and ridesharing giant Uber has been holding financial […]

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Uber is handing over its China operations to Didi in an acquisition deal that would end the battle between the two ride-hailing companies to dominate the market. Uber Technologies Inc. is selling its China operations to fierce rival Didi Chuxing, in a market that’s cost Uber $2 billion over the past two years in a […]

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Uber drivers are earning much less than the $100,000 per year previously told to The Wall Street Journal. In November 2013, the company told The Wall Street Journal that its average driver earns $100,000 a year. While the company has backed away from that high figure recently, Uber chief adviser and board member David Plouffe […]

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Owning a private vehicle may soon be a thing of the past in Helsinki. The Finnish capital is banking on a combination of public transportation and private services, such as ridesharing, to do so. “The city’s role is to enable that market to emerge,” Sonja Heikkilä, a transportation engineer who works for the Helsinki government, […]

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Hertz has made agreements with the two largest ride-hailing companies, Uber and Lyft, to supply their drivers with vehicles the rental-car company rotates out of its fleet. These partnerships mark a change in Hertz’s strategy. The car rental giant said in January that ridesharing services were crimping its growth. Like the taxi industry, car rental companies […]

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Daimler’s car2go carsharing service has turned out to be very popular in the Chinese city of Chongqing. After operating in the city for less than two months, car2go now has more than 78,000 registered users in Chongqing, Daimler says. There have been more than 40,000 rentals of Smart Fortwo hatchbacks during that time. It’s been […]

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Chief executives at Uber and Daimler ruled out acquiring each other’s companies or making a deal on buying 100,000 new cars. What was expected to be a verbal sparring match turned into a thoughtful conversation between Uber’s Travis Kalanick and Daimler’s Dieter Zetsche. The two spoke Wednesday during an on-stage interview at Axel Springer NOAH, […]

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Retail giant Walmart is testing out grocery delivery through its Walmart and Sam’s Club retail stores. The company is working with Uber in Phoenix and Lyft in Denver to begin testing grocery delivery services starting in the next two weeks. These test runs coincide through another test project Walmart started in March with Deliv, a […]

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