Wired Magazine featured a story about German carmakers plans to launch a big scale car-sharing service in Rwanda. Volkswagen is currently building a factory in the country of 12 million. While traditionally auto makers prefer to build the factories…
Morgan Stanley report values Alphabet’s Waymo at $175 billion, $100 billion more than the previous estimate. Along with mind blowing valuation achieved in a short period of time, what’s interesting is the break-down of the valuation by the analyst…
Lyft has started an interesting experiment offering 100 residents of Chicago $550 in credit to Lyft and to use other mobility services owned by the company, if they ditch their personal vehicles for a month. The company hopes to…
Uber has announced that it will stop developing self-driving trucks and will shut down the unit. The company will instead focus on self-driving car development. The AV truck unit was based on Otto, a startup acquired in 2016. Uber planned…
BMW is expanding its car sharing service ReachNow by adding ride hailing option to it. The service will be available in Seattle and Portland, US. Users can just request a professional driver or schedule one for up to a…
Renault announced that it will be launching a ride-hailing and car sharing service in Paris in September. The company is hoping to offer a replacement of Autolib, an electric car sharing service run by Vinvent Bollore’s group, that was…
Bain&Company has published a new report on mobility industry in China, outlining the stupendous growth rates in the country. For example, e-hailing grew from $5 billion in 2014 to $30 billion this year, bigger than rest of the world…
Amazon has partnered with GM and Volvo to deliver packages to car trunks in 37 US cities. E-commerce giant is exploring new methods of parcel delivery, including entering homes, with user permission, to leave packages in the hall. The…
As connection becomes an essential part of a vehicle, automakers are rushing to develop 5G connections. However, telecom companies do not want to be relegated to mere pipe providers and actively engage in telematics and vehicle logistics development, writes Bloomberg.…
Self-driving car companies have been reacting to the fatal incident involving Uber’s self-driving car. A woman, crossing a road with her bike, was hit by an Uber self-driving vehicle, resulting in woman’s death. The incident is still being investigated, as…