Lyft IPO Makes a Splash, Followed By a Flop

Despite playing host to what everyone presumed would be a very hot property, Lyft’s IPO hasn’t panned out as expected. While the company’s Friday stock debut was strong, April 1st was less promising, with Lyft’s share price slipping by nearly 12 percent in a single day. It’s now well beneath the target price, casting doubts about the financial sustainability of mobility firms.

It’s a complicated issue. Lyft was valued at more than $22 billion when it went public last week, but investors are concerned with the company’s inability to turn a profit. Last year, the ride-hailing giant posted a net loss of nearly $1 billion. With Uber likely to announce its own IPO soon (and likely face similar headwinds), many are concerned.

Read more
Honda Dream Drive: In-car Shopping, Marketing, Gamification

Expanding on last year’s concept, Honda is reintroducing “Dream Drive” for this year’s Consumer Electronics Show (CES). Previously a platform intended to provide passengers with augmented and virtual reality experiences, Double D now focuses primarily on in-car purchases. In fact, the service seems identical to General Motors’ Marketplace.

That’s right, Honda is entering the dark realm of in-car consumerism and twisted corporate partnerships.

Read more
Volvo Issues Odd Teaser Image For LA Auto Show

Volvo released a mysterious teaser image for the Los Angeles Auto Show on Monday. The photo features what is obviously a phone boasting bold text that reads “this is not a phone” while resting on the seat of an automobile.

While it’s not immediately evident what the car brand is promoting, the hashtags #FutureIsMobility and #AutoMobilityLA give us a few hints. Volvo has an app and intends on debuting it in Los Angeles at the end of the month. As for what it might be for, we have some hunches. The strongest of which results in a follow-up press image where the phone says it’s a car dealership or key.

Read more
Isn't It Ironic: Chevrolet Launches Engaging Phone App Intended to Curb Distracted Driving

Chevrolet is releasing a new smartphone app, titled Call Me Out, to help remind motorists to keep their eyes on the road and put their phones in their pockets while driving. Of course, individuals will still have to check their phones to receive the messages, which seems a little counterintuitive.

While the automaker appears to target “new and experienced drivers,” there’s nothing to indicate the product wouldn’t work equally well for experienced operators. Call Me Out basically functions as a guilt delivery system, using a person’s family and friends for ammunition. Once the app has been installed, the phone’s accelerometer and GPS wait until the car surpasses 5 mph. Then the phone plays recorded, personalized messages from the driver’s loved ones, reminding drivers to keep driving and avoid distractions.

Read more
GM Wants Customers to Pay for Gas Without Leaving the Vehicle

General Motors is updating its on-board digital marketplace to allow customers to purchase fuel without ever having to leave the vehicle. You’ll still have to leave the confines of the vehicle to actually pump the gas, unless you live in New Jersey, but the exchange of money is handled entirely by the world’s first “in-dash fuel payment system.”

What a time to be alive.

The new service is available via the Shell widget, which is already featured on GM’s Marketplace app (providing directions to the nearest Shell station). The corporate collaboration allows respective patrons to select a nearby Shell station, use the map to navigate there, park, select a pump, fill up, and drive away. Payment is automatically charged through Shell’s Fuel Rewards program.

Read more
Former Banker Wants Wealthy Individuals to Share Racing Cars Via New App

The former digital chief of Credit Suisse, Marco Abele, intends to introduce an app allowing wealthy individuals to share ownership of experiential assets — things like vineyards, works of art, and even fine automobiles.

Abele calls the digital service a “blockchain-based investment platform,” which is just a bullshit businessman buzzword way to say there will be a transaction ledger. By keeping things transparent, the group’s owners can ensure nobody gets financially burned when someone drives a shared $300,000 Lamborghini Huracan Super Trofeo Evo into a barricade.

At any rate, it sounds like communism for rich people.

Read more
GM Adds Digital Marketplace to Its Vehicles for Onboard Purchasing

General Motors has announced it is the first automaker with its very own in-car commerce platform. We aren’t the least bit surprised.

In fact, we’ve been waiting for GM to announce something like this ever since it expressed an interest in using OnStar to deliver “personalized marketing offers” a little over a year ago. Since then, the manufacturer has also indicated plans to create an app store accessible from a vehicle’s infotainment system, as well as use driver data acquisition as a possible revenue source.

While GM isn’t the only company taking this path, it’s arguably the one that’s gotten the furthest. Our takeaway is that the services being rendered and developed are extremely clever ways for an automaker to rake in money, but will not be universally popular. This early example of GM’s changing business model ought to make the company a bundle while aggravating a certain percentage of consumers.

Read more
Jaguar and Shell Partner for World's First In-Car Fuel Purchase System

New advancements at Jaguar keep on coming. In addition to the new Ingenium engine we reported on earlier today, Jaguar has also announced an in-car payment system for use exclusively at Shell stations.

Gassing up will soon be such a breeze for Jag owners, they’ll want to do it all the time. Shell no doubt encourages this behavior.

Read more
"…and Re-vulcanize These Tires!" Bentley Spares Owners From the Hassle of Pumping Gas

You’re a busy person, and standing at a gas station with a nozzle in your hand is for plebes.

Not to put too much of undergrad term paper slant on it, but that’s what Bentley silently suggests by rolling out a trial fuel delivery service for its owners. The ultra-luxury automaker has teamed up with U.S. tech startup Filld to offer the perk.

Read more
Seat Breaks Down Apple's Walls, Offers CarPlay-Compatible Vehicle App

Apple loves it when people buy its toys, but doesn’t appreciate it when other companies try to muscle into its technology playpen.

Whether the tech giant likes it or not, the Volkswagen-owned Seat brand just became the first automaker to design and market an app that is compatible with Apple CarPlay.

Read more
Snapchat Lawsuit: What Actually Happened on That Georgia Highway?

The trial has all the ingredients needed to garner a nation’s attention: a young female driver, a speeding Mercedes, a dark, rain-slicked highway, a carelessly wielded phone, a potentially dangerous social media app, and a hard-working man left permanently disabled.

The lawsuit against Snapchat and motorist Christal McGee by Wentworth Maynard, the driver of the Mitsubishi Outlander rear-ended by McGee’s C230 outside of Atlanta last September, alleges the social media app’s speed filter played a role in the collision.

Read more
Google Wades Carefully Into Connected-Vehicle Waters With Android Auto

Though Google’s Android OS may be awash with numerous apps, Android Auto goes for a more limited approach in the name of traffic safety.

Read more
USC Students Fund Nugg Medical Marijuana App Via Lyft Referrals

What happens when medical marijuana meets pink mustaches? For one thing, an app called Nugg.

Read more
More Consumers Turning To Technology For Vehicle Purchases

While visiting a dealership is de rigueur for most, an increasing number of consumers are turning to technology to buy their cars.

Read more
Baidu Buys Major Stake In Uber

Chinese Internet overlord Baidu is buying a major stake into everyone’s favorite transportation network company, Uber.

Read more
  • MaintenanceCosts Mandatory speed limiters.Flame away - I'm well aware this is the most unpopular opinion on the internet - but the overwhelming majority of the driving population has not proven itself even close to capable of managing unlimited vehicles, and it's time to start dealing with it.Three important mitigations have to be in place:(1) They give 10 mph grace on non-limited-access roads and 15-20 on limited-access roads. The goal is not exact compliance but stopping extreme speeding.(2) They work entirely locally, except for downloading speed limit data for large map segments (too large to identify with any precision where the driver is). Neither location nor speed data is ever uploaded.(3) They don't enforce on private property, only on public roadways. Race your track cars to your heart's content.
  • GIJOOOE Anyone who thinks that sleazbag used car dealers no longer exist in America has obviously never been in the military. Doesn’t matter what branch nor assigned duty station, just drive within a few miles of a military base and you’ll see more sleazbags selling used cars than you can imagine. So glad I never fell for their scams, but there are literally tens of thousands of soldiers/sailors/Marines/airmen who have been sold a pos car on a 25% interest rate.
  • 28-Cars-Later What happened to the $1.1 million pounds?I saw an interview once I believe with Salvatore "the Bull" Gravano (but it may have been someone else) where he was asked what happened to all the money while he was imprisoned. Whomever it was blurted out something to the effect of "oh you keep the money, the Feds are just trying to put you away". Not up on criminal justice but AFAIK the FBI will seize money as part of an arrest/investigation but it seems they don't take you to the cleaners when they know you're a mobster (or maybe as part of becoming a rat they turn a blind eye?). I could really see this, because whatever agency comes after it has to build a case and then presumably fight defense counsel and it might not be worth it. I wonder if that's the case here?
  • 28-Cars-Later "Around half of that money comes from the Department of Energy to help internal combustion engine suppliers retool to make EV parts."So, pay them to dispose of their current presses/equipment to choke future parts availability, then most of them become insolvent when EV doesn't happen. Brilliant!"Another $50 million provides grants of up to $300,000 for the companies to make their factories greener and improve cybersecurity.""$300K isn't squat to renovate anything in an actual factory or hire new SecOps folks/add to an IT dept (best I can think of is some developer training/conferences on more secure coding). Depending on how one would qualify, this is either a bribe to the owners so they'll dance whatever tune comes out of Washington, or just free money to selected parties (i.e. subservient to D.I.E.).FJB - May he live at least another 40 years in the most excruciating pain possible.
  • Kwik_Shift_Pro4X Auto Stop/Start is useless. If you want it, great, but it should be an option within a package. Same with those satellite stations. Just leave it off my head unit and give me AM radio and a USB port for my own music collection.