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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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"…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.

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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.

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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.

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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.

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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.

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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.

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Baidu Buys Major Stake In Uber

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

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  • Mikey My late wife loved Mustangs ..We alway rented one while travelling . GM blood vetoed me purchasing one . 3 years after retirement bought an 08 rag top, followed by a 15 EB Hard top, In 18 i bought a low low mileage 05 GT rag with a stick.. The car had not been properly stored. That led to rodent issues !! Electrical nightmare. Lots of bucks !! The stick wasn't kind to my aging knees.. The 05 went to a long term dedicated Mustang guy. He loves it .. Today my garage tenant is a sweet 19 Camaro RS rag 6yl Auto. I just might take it out of hibernation this weekend. The Mustang will always hold a place in my heart.. Kudos to Ford for keeping it alive . I refuse to refer to the fake one by that storied name .
  • Ajla On the Mach-E, I still don't like it but my understanding is that it helps allow Ford to continue offering a V8 in the Mustang and F-150. Considering Dodge and Ram jumped off a cliff into 6-cylinder land there's probably some credibility to that story.
  • Ajla If I was Ford I would just troll Stellantis at all times.
  • Ronin It's one thing to stay tried and true to loyal past customers; you'll ensure a stream of revenue from your installed base- maybe every several years or so.It's another to attract net-new customers, who are dazzled by so many other attractive offerings that have more cargo capacity than that high-floored 4-Runner bed, and are not so scrunched in scrunchy front seats.Like with the FJ Cruiser: don't bother to update it, thereby saving money while explaining customers like it that way, all the way into oblivion. Not recognizing some customers like to actually have right rear visibility in their SUVs.
  • MaintenanceCosts It's not a Benz or a Jag / it's a 5-0 with a rag /And I don't wanna brag / but I could never be stag