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,Racing Vehicles
Continue reading Sprint qualifying pole in Miami goes to Max Verstappen, Ricciardo wows with pace
Sprint qualifying pole in Miami goes to Max Verstappen, Ricciardo wows with pace originally appeared on Autoblog on Fri, 3 May 2024 18:15:00 EDT. Please see our terms for use of feeds.
Permalink | Email this | Comments
When the redesigned 2019 Volkswagen Jetta begins arriving at U.S. dealerships next month, the brand's 650 dealers will be asked to do something they have little experience with: Sell what's been VW's most popular model as a value play.
After a short discussion about the Leh Keen’s lap in the cop car, the group moves onto the Honda Civic Type R, which will run the same course. There’s a brief introduction of the car that explains why it’s such a capable front wheel drive performance machine. Then, like the cop car, Keen puts it through the paces.....
