caption Lyft CEO Logan Green (R) and President John Zimmer (LEFT C) gather before the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. source Mario Tama/Getty Images Lyft received another lukewarm report from a Wall Street analyst. Susquehanna’s Shyam Patil initiated coverage on the ride-hailing app with a “neutral” rating due largely to Uber’s threat as a larger competitor. Watch Lyft trade live. Lyft‘s life as the first public ride-hailing company has been dotted with legal drama, a plunging stock, and largely cautious assessments from Wall Street analysts – the latest of which dropped on Wednesday. “While our analysis of unit economics suggests profitability is possible (which we model to occur within seven years), the extremely competitive nature of the space and going up against an aggressive #1 player in Uber … [Read more...] about Lyft has plunged 20% since going public, and another Wall Street analyst just came out with a lukewarm view
Apple has talked to at least four different companies about purchasing lidar sensors, Reuters reports. Apple is also reportedly working on a home-built lidar sensor. The news suggests that Apple is still taking its self-driving car effort, known internally as Project Titan, seriously. Apple hasn't publicly revealed what kind of self-driving technology it is working on, and indeed reporting suggests that the company's plans have shifted over time. Way back in 2015, the Wall Sreet Journal reported that Apple was developing an electric car and had hundreds of people working on the project. The next year, the New York Times reported that Apple was scaling back the project and was looking to partner with an existing automaker rather than building a car from scratch. By 2017, the Times was reporting Apple had "put off any notion of an Apple-branded autonomous vehicle and is instead working on the underlying technology that allows a car to drive itself." Further ReadingGoogle’s Waymo … [Read more...] about Apple is shopping for lidar sensors for self-driving project: report
Ars makes every effort to cover its own travel costs. We covered the flight out to Scottsdale, AZ, but Nikola covered one night in a nearby hotel. SCOTTSDALE, ARIZ.—Nikola Motor Company announced a slew of all-electric and hydrogen fuel cell-powered vehicles on a cool Tuesday night in a warehouse surrounded by desert. The company seems to be positioning itself as the "trucker's Tesla," serving up Budweiser (supplied by partner-customer Anheuser-Busch) and country music to the same industry watchers and investors that Tesla usually courts. Of the five products that Nikola CEO Trevor Martin talked about on Tuesday night, very little came as a true surprise to watchers of the company. There were two trucks: the Nikola Two and the Nikola Tre (for European markets), as well as a Utility Task Vehicle (UTV) for off-roading, a military-grade UTV, and a previously unannounced jet ski. Trucks The most important of these debuts were the trucks: Martin admitted later in a private discussion … [Read more...] about Nikola Motor Company shows off two real trucks and …a new jet ski?
Further ReadingForget about that Tesla—the Jaguar I-Pace is the most compelling EV yetNEW YORK—On Wednesday morning, the Jaguar I-Pace won this year's World Car of the Year award at the 2019 New York International Auto Show. It beat two other finalists, the Audi e-tron and Volvo's S60 and V60 twins to top honors, as voted by a panel of 86 journalists from around the world. Disclosure: for the second year in a row, I was one of those judges. We were asked to score each eligible car on a range of attributes, including safety, the environment, performance, design, and value, but only for vehicles we actually drove. You can see the list of eligible vehicles for this year's awards here. (Sorry, Tesla fans: the Model 3 is really rather good but went on sale too long ago to be considered for this year's awards.) I'm not surprised that the I-Pace won; as a battery electric vehicle it scored highly on its green credentials, it's a joy to drive, and it looks stunning inside and out. … [Read more...] about The Jaguar I-Pace wins World Car of the Year, World Green Car awards
The 2019 Shanghai auto show is now underway, and electric cars are thick on the ground. If there was any doubt about how important the Chinese market is to the world's car makers, this year's show should dispel that, with forward-looking vehicles on show from established OEMs and startups. Some, like the Audi AI:ME point the way to a possible future of autonomous transport. The AI:ME is a followup to 2017's AIcon, this time showing us the company's idea of a much more compact self-driving within which to while away one's daily commute. Further ReadingVolkswagen bets big on electric with $25 billion battery bonanzaBut plenty more are closer to reality. Volkswagen took the wraps off yet another ID family member. The ID Roomzz joins the ID range along side the Crozz, Buzz, Vizzion, and Buggy. A three-row SUV, this one goes on sale in 2021 and unlike the compact ID itself, we're pretty sure that includes the US market as well as Europe and Asia. It's not all SUVs, either. Though we keep … [Read more...] about Electric vehicles are center stage at the 2019 Shanghai auto show