Urban Mobility
General Motors Co. and Lyft Inc. are going to have a lot harder time wringing benefits from their newly minted partnership now that their biggest ride-sharing rivals just formed an alliance of their own in the world’s largest economy.
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Vroom, a used car sales startup, is trying to capitalize on the current virtual reality boom. The company said on Tuesday that it would let people browse for used cars by letting them visit showrooms in virtual reality, according to Vroom’s chief marketing officer, Gaurav Misra. Vroom plans to open VR showrooms at its Texas offices in Grand Prairie and
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Uber is preparing to pour $500m into an ambitious global mapping project as it seeks to wean itself off dependence on Google Maps and pave the way for driverless cars. The company has decided to invest $500m in mapping, according to a person familiar with Uber’s plans, as it doubles down its efforts in this challenging space. By developing its
Read moreAutoNation Inc., the U.S.’s largest dealership chain, is scheduled to release its second-quarter earnings on Friday. Here’s what you need to know: EARNINGS FORECAST: Analysts expect AutoNation to report second-quarter operating earnings of $1.04 a share, up from $1 during the same period a year earlier. REVENUE FORECAST: The Fort Lauderdale, Fla., company is expected to post revenue in the
Read moreMobileye NV said it would no longer provide its computer chips and algorithms to Tesla after a current contract ends due to disagreements about how the technology was deployed. Mobileye provides core technology for Tesla’s Autopilot system, which allows cars to drive themselves in limited conditions. It isn’t clear when Mobileye’s current contract with Tesla ends; a next generation Mobileye
Read moreGeneral Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials. The rethink comes as GM’s India sales have fallen nearly 40% in the year to end-March, and its share of the domestic passenger
Read moreBEIJING/TOKYO — General Motors and Isuzu Motor Co. have agreed to stop working together on developing midsize pickup trucks made in Asia, as the U.S. automaker focuses on the higher end of the market while the Japanese firm sticks to selling vehicles for everyday commercial purposes. The automakers said on Friday they had cancelled their pickup truck deal struck in
Read moreIn its efforts to counteract Uber, General Motors’ ride-sharing partner Lyft announced it introduced in the US a luxury ride program similar with Uber’s Black. The launching of Lyft Premier, an offering aimed towards users looking for a more stylish trip. Passengers choosing the new service will be picked up by a premium sedan or SUV, such as a BMW
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