Lyft flogs self-driving car to Toyota subsidiary
For $550 million
Lyft will sell its self-driving car unit to Woven Planet, a subsidiary of Toyota, for $550 million in cash, the companies.
Uber and Lyft want to ban you from owning your own self-driving car
The great unwashed are not to be trusted
Everyone’s favourite taxi companies, Uber and Lyft, want politicians to stop the great unwashed from owning self-driving cars.
Lyft denies it is for sale
May go public “within a few years”
Lyft, the second largest ride sharing company in the US, has denied reports that it is for sale and says it has doubled its ridership in the region since late last year.
Uber and Lyft account for over half of business travel in USA
52 percent of work-related travel expenses
As of the third quarter of 2016, ride hailing services such as Uber and Lyft are now accounting for 52 percent of transportation expenses for business travelers, according to the latest numbers.
Uber and Lyft drivers prompted to get business licenses
$91 licenses to generate $3.37 million annual city revenue
In San Francisco, drivers of popular Uber and Lyft crowdsourced transportation services will now be required to obtain their own business licenses to operate within the city, according to a letter from the Office of the Treasurer and Tax Collector mailed out to drivers on Friday.