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The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
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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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The Shanghai Urban Transportation Bureau will be paying special attention to problems such as overcharging, refusing rides, detouring, and tampering with taxi meters.
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Nissan and Dongfeng are also reportedly in talks to design and build custom vehicles for Didi's ride-hailing platform.
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Voom "air taxi service" is planned to launch in San Francisco in the fall.
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According to 2014 U.S. Department of Transportation Bureau of Transportation Statistics data, commuter vanpools are one of the safest modes of public transportation when compared to motor bus, light rail, heavy rail, commuter rail, and demand-response services.
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Grab and Splyt will work together to give Grab users access to ride-hailing options everywhere in the world.
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Unlike Uber and Lyft, Jerry Crosby's app — Select — will not have surge pricing during busy hours. Instead, customers will be charged the standard cab fee of $2.50 per mile.
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In partnership with Avis, the new service will feature a fleet of Mercedes Metris vans, as well as wheelchair accessible vehicles.
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Mayor Bill de Blasio also announced a fee waiver for yellow cab drivers.
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