Tag

Ride Hailing

All articles tagged with #ride hailing

Tesla Accelerates Robotaxi Fleet Expansion and Hiring in California
business2 months ago

Tesla Accelerates Robotaxi Fleet Expansion and Hiring in California

Tesla has rapidly expanded its 'Robotaxi' fleet in California, registering over 1,655 vehicles for its ride-hailing service since August, although it is not registered as an autonomous vehicle service. The company operates with FSD technology and has increased its drivers and vehicles significantly, but faces competition from Waymo and Zoox, and has not yet obtained a driverless testing permit in California.

Tesla Seeks NYC Robotaxi Test Drivers Amid Regulatory Uncertainty
technology6 months ago

Tesla Seeks NYC Robotaxi Test Drivers Amid Regulatory Uncertainty

Tesla is hiring a driver in Queens to test its Autopilot system on NYC streets, hinting at potential expansion of its robotaxi service in the city, following its recent pilot programs in Austin and San Francisco. The data collected may be a step toward launching autonomous ride-hailing in New York, aligning with Tesla's broader strategy to develop driverless taxis amid a challenging sales environment.

Grab Raises Revenue Forecast Amid Strong Earnings and Market Potential
business1 year ago

Grab Raises Revenue Forecast Amid Strong Earnings and Market Potential

Grab Holdings has raised its fiscal 2024 revenue forecast, anticipating strong growth in its food delivery and ride-hailing services during the holiday season. The company's U.S.-listed shares rose over 10% following the announcement. Grab's CEO expressed optimism about Southeast Asia's growth potential, while the company reported third-quarter revenue of $716 million, surpassing expectations. The firm also increased its annual core profit forecast and highlighted the success of its premium ride offerings.

Minneapolis Officials Successfully Delay Uber and Lyft Departure
business1 year ago

Minneapolis Officials Successfully Delay Uber and Lyft Departure

Uber and Lyft have decided to extend their services in Minneapolis until July 1, following a city council vote to delay the implementation of a driver pay raise by two months. The ordinance mandates a minimum wage of $15.57 an hour for rideshare drivers, originally set to start on May 1 but now postponed to July 1. Both companies had planned to cease operations in Minneapolis on May 1, citing the ordinance as unsustainable for their customers.

Minneapolis Delays Rideshare Minimum Wage, Keeping Uber and Lyft in the City
business1 year ago

Minneapolis Delays Rideshare Minimum Wage, Keeping Uber and Lyft in the City

Uber and Lyft have delayed their plans to leave Minneapolis after city officials postponed the start of a driver pay raise by two months. The Minneapolis City Council voted to implement the ordinance on July 1 instead of May 1, aiming to ensure companies pay drivers the equivalent of the city’s minimum wage. Uber and Lyft representatives argue that the city's higher rate will make rides too expensive for most riders and ultimately lead to lower earnings for drivers. State legislators are considering preempting the city ordinance with a state law, while Uber and Lyft drivers in the area are divided on the issue.

Minneapolis Ride-Hailing Wage Hike: What's Next for Uber and Lyft
business1 year ago

Minneapolis Ride-Hailing Wage Hike: What's Next for Uber and Lyft

The Minneapolis City Council passed an ordinance requiring ride-hailing companies to pay drivers a higher rate, prompting Uber and Lyft to announce plans to leave the market on May 1. The state could intervene, and the city is considering potential changes to the ordinance. Residents are divided, with some supporting the wage hike to help marginalized workers, while others oppose it due to concerns about losing access to ride-hailing services.

business-politics1 year ago

Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge

Uber and Lyft plan to exit the Minneapolis market on May 1 in response to a new city ordinance requiring them to pay drivers a higher rate. The ordinance mandates a minimum rate of $1.40 per mile and $0.51 per minute, which the companies argue is too high. The move has sparked debate, with some supporting the ordinance to ensure fair wages for drivers, while others oppose it due to concerns about losing access to ride-hailing services. The state government and city council are considering potential actions to address the situation, while residents and drivers are divided on the issue.

"Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge"
business-transportation1 year ago

"Minneapolis Prepares for Uber and Lyft Exit as New Rideshare Options Emerge"

Uber and Lyft plan to exit the Minneapolis market on May 1 in response to a new city ordinance requiring them to pay drivers a higher rate, sparking concern and debate. The ordinance mandates a minimum rate for drivers, which the companies argue is too high and would force them to leave. State lawmakers and the governor are considering intervening, while city council members are divided on the issue. Residents have mixed opinions, with some supporting the ordinance to help marginalized workers and others opposing it due to concerns about losing access to ride-hailing services.

"Minneapolis Prepares for New Rideshare Companies Amid Uber and Lyft Departure"
business1 year ago

"Minneapolis Prepares for New Rideshare Companies Amid Uber and Lyft Departure"

With Uber and Lyft set to leave the Twin Cities, at least 10 ride-hail companies are vying to fill the void, offering drivers and riders a seamless experience with apps and competitive rates. These companies, including Drivers Cooperative, Empower, Hich Minnesota, Joiryde, MOOV, MyWeels, Teleport, U Got Wheelz, and Wridz, are racing to launch operations in Minneapolis by May 1, when Uber and Lyft plan to end operations due to new minimum pay rates. The flood of alternative apps will bring competition and chaos as they jockey for a foothold in the market, while raising money for significant costs like background checks, licensing fees, and commercial insurance premiums.