car sharing

It has been a tough year for ride-sharing stocks.  Uber Technologies Inc (NYSE: UBER) is down 43.27% year to date, while LYFT Inc (NYSE: LYFT) is down 75.9% year-to-date against the benchmark S&P 500 (NYSE: SPY)'s 19.66% dropo.  The situation is even worse for Getaround Inc (...

It’s hard to find a pure play on mobility. Uber’s private. Lyft’s private. The nascent ride-hailing segments of General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are muddied by core manufacturing segments. Enter HyreCar Inc (NASDAQ: HYRE), a firm whose fate...

Car sharing programs, like Uber and Lyft, continue gaining in popularity. Meanwhile, bike sharing programs are flying under the radar, and one company in Detroit is looking to change that. Zak Pashak, a 36-year-old in Detroit, is overseeing a bicycle manufacturing facility he opened in 2013. At...

Apple Inc. (NASDAQ: AAPL) has invested $1 billion in Chinese ride-hailing service Didi Chuxing, dealing a severe blow to Uber's expansion efforts in the country. The investment from Apple, which joins Tencent Holdings Ltd (OTC: TCTZF) and Alibaba Group Holding Ltd (NYSE: BABA) in investing...

This week, Daimler AG (OTC: DDAIF) Chief Executive Dieter Zetsche told Reuters that the luxury carmaker was aiming to take on Uber with a fleet of autonomous vehicles. Zetsche said the firm would target customers who are not interested in buying their own car, but still value premium transport...

The Street has its eyes on the rental car industry as Hertz Global (NYSE: HTZ), Avis Budget Group (NASDAQ: CAR), Dollar Thrifty Automotive Group (NYSE: DTG) and Zipcar (NASDAQ: ZIP) report earnings this week. Amid concerns of softening across the sector due in part to macro outlook and automobile...