Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to a...
TORONTO - Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday.
“Your phone will be your car,” said Andre Haddad, CEO of Turo, a peer-to-peer car-sharing company that enables users to rent their cars out to others. Uber said it is the largest ride-hailing firm in the world with 91 million users globally and a 65 percent market share in North America.Haddad said that car ownership among young adults was on the decline, with fewer adults under the age of 25 purchasing cars.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lyft is partnering with Mastercard to offer a rewards debit card for Lyft driversLyft is partnering with Mastercard to launch Lyft Direct Debit, a cobranded debit card and bank account with rewards and benefits for Lyft drivers.
Read more »
Uber, Lyft and Pinterest prove that private investors are sucking up all the valueConsumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.
Read more »
Lyft says drivers tampering with surge pricing could be bootedRide-share drivers who tamper with surge pricing will face being deactivated after a report revealed that ride-share drivers at a Washington, D.C., airport coordinated to boost fares, Lyft said.
Read more »
Mexico tax plan for Uber creates friction among ride hailing firmsMexico on Monday detailed plans to withhold tax from drivers for ride-hailing an...
Read more »
New Uber feature lets you request a quiet driver who won't be chatty—but there's a catchUber riders who hate to chit-chat with their driver can now change their preferences to request a 'quiet' driver when using the ride-sharing company's premium Uber Black service.
Read more »
Lyft is sued by investors over IPOLyft is sued by investors over its initial public offering - court filing
Read more »
Norman Pearlstine of The L.A. Times speaks about Disney, Uber and the paper's new billionaire ownerExecutive editor Norman Pearlstine on the new L.A. Times: 'It’s a thrill to be here with an owner who wants to run The Los Angeles Times as a business but didn’t buy it with return on investment as his sole consideration.' - claireatki
Read more »
Lower pay and higher costs: The downside of Lyft’s car rental programWhen his housing fell through, Chris Berry resorted to living out of the car he rented from Lyft for $240 a week. Despite driving 20 to 60 hours a week, he couldn’t afford to rent an apartment on top of what he owed Lyft.
Read more »
Starbucks' China challenger Luckin Coffee shares fall below IPO priceShares of Luckin Coffee fell Wednesday morning, joining the likes of Uber and Lyft by dropping below its initial public offering price days after its debut.
Read more »
Checkr CEO calls alleged Somali war criminal turned Uber driver an 'edge case'The CEO of the company that processes background checks for Uber and Lyft calls the alleged Somali war criminal who drove for the companies an 'edge case.'
Read more »