Ride News Now: May 23, 2019

can be reached at michaelsfebbo@gmail.com
can be reached at michaelsfebbo@gmail.com
Share on facebook
Share on twitter
Share on pocket

In this episode of Ride News Now with Alison Haislip, Smart car goes away in the USA, Lyft looks to save money, and we wonder what will replace cars in the future.

  • Up first, it’s time for Smart car to bow out of the US market. Daimler has been trying to get Americans interested in its ultra-compact, but to no avail. Even a change to a fully electric drivetrain hasn’t been enough to raise interest or sales figures. Smart car is still alive outside of the US market, but it’s officially dead Stateside.
  • Next, Lyft is working hard to lose less money. Since launching forward with an IPO, the ride share company has burned off three billion bucks. Lyft has partnered with self-driving outfit Waymo to try and reduce this cash burn. It’s working too, as Lyft’s losses have been reduced from 11 dollars per share down to “only” nine dollars per share.
  • Last up, our man Nick Jaynes is curious about the future of mobility. He poses a question, and then answers it by saying that two-wheeled electric machines will help people get around in urban environments. Cars will fade from use as smaller, less energy-intensive bikes, scooters, and motorcycles will prove to be the choice means of conveyance.

About the Author

can be reached at michaelsfebbo@gmail.com
Close Menu