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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Continue reading Memorial Day 2024 deals on road trip essentials
Memorial Day 2024 deals on road trip essentials originally appeared on Autoblog on Fri, 17 May 2024 16:48:00 EDT. Please see our terms for use of feeds.
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Daimler said the fault affects the fuse in some of its A, B, C, and E-class cars as well as its CLA, GLA and GLC vehicles and could cause them to overheat in "unique conditions".
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