lyft News Updates

BusinessTechnologyLogistics

Lyft Gains as Analysts Say Results May ‘Win Over Skeptics’

Lyft Inc.’s second-quarter results blew past market estimates and won accolades from Wall Street, as analysts said they now see a clearer path to profitability and a “more rational competitive environment.â€

August 8, 2019
BusinessTechnology

Lyft COO Jon McNeill to Depart Company

Jon McNeill, who was hired last year to run Lyft Inc.’s operations, is leaving the company. The founders, who have struggled to retain an operating chief, said they won’t hire a replacement.

July 29, 2019
BusinessTechnologyAutonomous

Lyft Making Driverless Data Public in Bid to Speed Development

Lyft is making research data on self-driving technology available to the public in a bid to accelerate the development of robotic cars, which is seen as critical to the ride-hailing giant’s future viability.

July 23, 2019
BusinessTechnology

GM Beats Profit Estimates With a Raise From Lyft

General Motors Co. needed a little help from ride-hailing company Lyft Inc. to beat analysts for first-quarter profit as cost cuts only partially made up for lower sales.

April 30, 2019
BusinessTechnologyAutonomous

Lyft Reveals Big Growth but No Profits as It Readies for IPO

NEW YORK — Lyft revealed that it is growing quickly ahead of its initial public offering but continues to bleed money and may struggle to turn a profit, according to a federal filing.

March 4, 2019
BusinessTechnologySafetyAutonomousTCA

Lyft to Put Fleet of Driverless BMWs to Work in Las Vegas

A fleet of 30 driverless BMW 5 Series vehicles is about to hit the streets of Las Vegas.

May 3, 2018
BusinessTechnologyEquipmentAutonomous

Lyft, Auto Parts Maker Magna Partner on Autonomous Vehicles

Ride-hailing company Lyft is joining with large Canadian auto parts supplier Magna to develop self-driving vehicles, sharing expenses on a multi-year project that could vault them onto the leader board in autonomous technology.

March 16, 2018
BusinessTechnologyEquipmentAutonomous

Alphabet Unit Leads $1 Billion Investment in Lyft

Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said.

October 19, 2017
BusinessTechnologyEquipmentSafetyAutonomousTCA

Ford and Lyft Team Up to Put Driverless Cars on the Road

Ford will begin testing self-driving cars on ride-hailing company Lyft’s network with human drivers at the wheel for backup, the companies said Sept. 26.

September 28, 2017
BusinessTechnologyEquipmentSafetyAutonomousTCA

Lyft to Unleash Self-Driving Cars on San Francisco Roads

Self-driving Lyfts are coming to the San Francisco Bay Area, promising to give local residents a first-hand look at the technology that’s poised to dramatically change the nature of transportation.

September 7, 2017