Avis’s expansion of its TNC rentals program depends on its ability to manage vehicle mileage and telemetry, made possible by a connected car.
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Lyft Rentals started in two locations in the San Francisco Bay Area. The service, which consists of an owned fleet, is now available in one location near LAX.
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The announcement comes on the heels of the British Columbian government's recent approval of regulations, licensing, and insurance measures for ride-hailing companies.
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Net loss for Q2 2019 was $644 million vs. a net loss of $179 million in the same period of 2018.
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The cap was originally implement last August, in an effort to address growing traffic congestion in the city, as a one-year ban on new vehicle licenses.
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The study, commissioned by Uber and Lyft themselves, exposes the ride-hailing congestion problem - and it's worse than we thought. However, Uber says the scale "is dwarfed by that of private cars and commercial vehicles."
Read More →From a geeky industry insider standpoint, the fact that Lyft is renting fleet to consumers on a daily rate is a big deal. But questions abound regarding the business model and profitability.
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Lyft will also add public transit info for nearby counties into its app.
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The pilot program will be confined to a small area outside of Phoenix where Waymo has already been testing its autonomous technology.
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Consumer Reports said that the ride-hailing companies have not done enough to ensure vehicles in open recalls are being properly fixed.
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