Lyft News

Lyft and Uber Fly to Hawaii to Build Their Own Captive Insurers

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors …

Lyft, Uber Shift Risk to Captive Insurers

Ride-sharing giants Lyft Inc. and Uber Technologies Inc. seem to have found the same solution for dealing with the risks of managing millions of drivers on the road: Creating their own insurers in Hawaii. On Friday, Lyft told potential investors …

Lyft Partners With Auto Parts Maker Magna 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. The companies announced the partnership Wednesday and …

Thousands Fail Background Checks for Uber, Lyft in Massachusetts

Massachusetts officials say more than 10 percent of drivers for ride-hailing companies Uber and Lyft have failed a required background check. More than 62,000 drivers passed, including some who drive for both companies. About 8,200 failed the checks, which are …

Uber Litigator Explains Insurance Coverage, Defends Background Checks

The goal of six year old Uber is to provide reliable transportation to everyone, everywhere. Uber is currently in 596 cities and dealing with global regulations requires an insurance product that is diverse and fluid, according to Kathleen Waitzman, legal …

Uber, GM Team Up on Car-Sharing

Uber Technologies Inc. is working with General Motors Co., a major backer of ride-hailing rival Lyft Inc., to help drivers get access to vehicles. The automaker’s Maven car-sharing service will let Uber drivers lease cars from GM’s fleet in San …

Lyft Exec Says in 5 Years Most Rides Will be in Autonomous Cars

Within five years, a majority of ride-hailing company Lyft’s rides will be in self-driving cars, the company’s co-founder and president predicted on Sunday. John Zimmer also said that personal car ownership will come to an end because autonomous rides will …

Ford to Introduce Driverless Cars to Ride Hailing Services by 2021

Ford Motor Co., which put the world on wheels a century ago, is now taking the driver out of the driver’s seat. The company said it plans to have a fully autonomous vehicle – no steering wheel, no gas or …

Fingerprint Checks at Heart of Ride Hailing Battle

Hailing a ride with a smartphone app in many U.S. cities is coming down to a fight over fingerprints. Following incidents where Uber drivers were found to have criminal records, a number of state and local officials have proposed fingerprint …

California Suit Involving Lyft Driver Employment Status Settled

Ride-hailing service Lyft has agreed to settle a proposed class action lawsuit in California by giving drivers additional workplace protections but without classifying them as employees, removing a major threat to its business model. The settlement agreement, filed late on …