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 Kia recalls 463,000 Telluride SUVs due to fire risk, urges parking outside
Kia recalls 463,000 Telluride SUVs due to fire risk, urges parking outside originally appeared on Autoblog on Fri, 7 Jun 2024 16:11:00 EDT. Please see our terms for use of feeds.
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Both outlets report that the new M3 will come with more than 510 horsepower, thanks to a slightly uprated version of the "S58" 3.0-liter twin-turbocharged inline-six found in the latest X3 M and X3 M Competition models...
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.
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