JarAutoNews

Cheap Rides Could Be Over



Cheap Rides Could Be Over!

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

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.”...


Uber

read more...

Menu

Other News

Junior's Auto Repairs

Aston Martin's $189,000 DBX SUV Conquers the Arabian Desert

Making it happen is a question of combining the throttle, brake, and steering just so, keeping everything pointing the right way...

read more..

Junior's Auto Repairs

FCA passenger cars to move to PSA platforms

The CMP platform, designed to cover the small car and the lower part of the compact segment, allows for gasoline, diesel or full-electric power...

read more..

Junior's Auto Repairs

Supercharger network is the template for the hydrogen era

If Tesla doesn't make it because of mismanagement and misbehavior by Musk, and if the company goes down in flames like DeLorean, Bricklin and Tucker, there is at least one Musk legacy that is undeniably brilliant: Tesla's nationwide network of Supercharger ....

read more..

Image

Schedule Appointment Today!

Have your Vehicle Services or Repaired Today!