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Uber exceeded Wall Street estimates for Q2 revenue and core profit, driven by steady demand for its ride-sharing and food-delivery services.

Uber beats wall street estimates with strong Q2 performance

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Uber exceeded Wall Street estimates for second-quarter revenue and core profit, driven by steady demand for its ride-sharing and food-delivery services. The company’s shares...
Massachusetts Attorney General has brought Uber and Lyft to trial over allegations of misclassifying drivers as independent contractors.

Massachusetts attorney general takes Uber and Lyft to trial over driver...

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Massachusetts Attorney General Andrea Joy Campbell has brought Uber Technologies and Lyft to trial over allegations of misclassifying drivers as independent contractors. The trial...
Jon McNeill General Motors

Former Tesla and Lyft exec. Jon McNeill joins General Motors board...

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Former Tesla and Lyft executive Jon McNeill is joining the board of directors at General Motors. In a press release, the automaker touted McNeill's...
Lyft

Lyft shares drop due to driver incentives and Q2 projections

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Lyft shares dropped 25% this week after the rideshare service released its first-quarter results and announced it would likely not reach Wall Street's expectations for the...
mobility

Report shows that conventional mobility has gained back ground due to...

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Consumers have been warming to non-traditional notions of mobility like ridesharing, car subscriptions, and alternative last-mile transportation options over the past decade. But when...

CBT automotive newscast: April 28, 2021

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Featured Interview: How consistent processes can increase revenue in the service department - Don Reed Dealers are beginning to see increased profits and revenues in their...
ride sharing

How Mobility Services are Weathering the Pandemic

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The novel coronavirus has sparked stay-at-home orders in dozens of states nationwide especially in major metropolitan areas. Like auto retail dealerships, the shutdown has...
ride-share

How to Improve Your Customer Experience with Ride-Share Services – Mahesh...

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 CBT News sits down with Mahesh Shah, EVP, Chief Product and Technology Officer at CDK Global, to discuss their new partnership with Lyft and...
hailer service

Hyundai Dealers that Subscribe to CDK Hailer Service to Offer Lyft...

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FOUNTAIN VALLEY, Calif., June 25, 2019 – In the next several months, Hyundai dealers across the country that subscribe to Hailer service through CDK Global, Inc. (Nasdaq: CDK) can...
ridesharing

Ridesharing Services Increase Earning Potential for Automotive Service Centers

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The trend of using ridesharing services, like Uber and Lyft, gained popularity seemingly overnight. Within the last five years, ridesharing through these and other...