Skip to main content

ride-sharing

See All Stories

Arrival partners with Uber to design an EV for ride-share drivers

Arrival Uber

EV startup Arrival has announced a new partnership with Uber to design and develop a purpose-built EV specifically for ride-share drivers. Arrival plans to invite Uber’s drivers to participate in the design process to ensure this new “Arrival Car” meets their needs. The new partnership also looks to further a strategic relationship together in primary markets like the UK and the EU.

Expand Expanding Close

GM launches a new car-sharing and mobility service: Maven

Maven customers will experience seamless smartphone and keyless integration with the vehicle. Maven customers use its app to search for and reserve a vehicle by location or car type and unlock the vehicle with their smartphone. The app also enables remote functions such as starting, heating or cooling and more. Customers can bring their digital lives into the vehicle through Apple CarPlay, Android Auto, OnStar, SiriusXM radio and 4GLTE wireless. (Photo by John F. Martin for General Motors)

After its recent investment in Lyft and its acquisition of Sidecar, General Motors announced today its own new car-sharing service under a new “mobility brand” called “Maven”.

The company says Maven will incorporate multiple programs with the single mission “to give customers access to highly personalized, on-demand mobility services”.

Expand
Expanding
Close

Tesla likely working on an autonomous ride-sharing scheme but hasn’t decided on implementation

Model-X-P90DAdam Jonas, a Managing Director at Morgan Stanley covering Tesla Motors and the automotive industry, is nothing if not persistent. During Tesla’s recent conference call to discuss third quarter financial results, the analyst again asked Tesla CEO Elon Musk about the possibility for the company to join the likes of Uber and Lyft in the ride-sharing industry.

Jonas first brought up the idea at Tesla’s last quarterly conference call after comments made by Tesla board member Steve Juvertson about Uber CEO Travis Kalanick potentially wanting to buy 500,000 autonomous Teslas by the end of the decade. First time around earlier this year, Jonas got a firm “no comment” from Musk, but nonetheless the CEO called his question “insightful” at the time. The second time around during this week’s call, Jonas pushed the question again and although Musk’s first reaction was not to comment, which is rare for the CEO, he implied that an announcement could be coming.

Expand
Expanding
Close

Morgan Stanley increases its price target for Tesla’s stock to $465 and predicts “Tesla Mobility”

342dccacf60d332108fac45424e3312f-e1393347744601

Adam Jonas, Managing Director at Morgan Stanley, published a note yesterday to update the firm’s price target on Tesla’s stock to $465 from $280.  The updated price target includes a whole new business segment called “Tesla Mobility” which Jonas expects Tesla to announce within the next 12 to 18 months.

Expand
Expanding
Close