Lyft

Uber, the popular car-ride sharing app, and OPEC, the organization of 13 of the largest oil producing nations in the planet, share a common link: Saudi Arabia. Saudi Arabia is the largest OPEC member and can now count itself as a partial owner of Uber. According to Bloomberg, Saudi Arabia's...

JPMorgan sees first quarter earnings of General Motors Company (NYSE: GM) above consensus, while it trimmed near-term estimates of Tesla Motors Inc (NASDAQ: TSLA), albeit raising its long-term view. General Motors Analyst Ryan Brinkman raised GM's first-quarter EPS forecast to $1.08 from $0.95 and...

In a new report, Deutsche Bank analyst Rod Lache discussed the impact that driverless cars will have on the U.S. auto industry. According to Deutsche Bank, 8.2 percent of all Americans and up to 61 percent of those living in urban settings will find autonomous vehicles cheaper and more convenient...

E-commerce provider and the world's fourth-most valuable company Alibaba Group Holding Ltd (NYSE: BABA) has recently been in talks with Detroit. Once known for its industrial prowess, Detroit has been experiencing a fueled resurgence following its bankruptcy from July 18, 2013 with renewed...

Ford Motor Company (NYSE: F) has been working to reinvent itself over the past few years, and many believe that the company has laid the foundation to ensure future success in the rapidly changing auto industry. As technology evolves and cars become increasingly more capable, building popular car...

Many were surprised to learn that automaker General Motors Company (NYSE: GM) had purchased failing ride-sharing service Sidecar Technologies shortly after making a $500 million investment in Uber rival Lyft. However, analysts say that GM's efforts to cement its place in the ever-expanding sharing...

Despite the fact that General Motors Company (NYSE: GM) was unable to block a court case regarding its ignition scandal from proceeding this year, the firm is hoping to wow investors with new projects and help people forget the turmoil caused by the faulty switches in 2015. Just days into the New...

General Motors Company (NYSE: GM) and Lyft are partnering to develop a national network of self-driving cars. Lift on Monday announced that it will be closing $1 billion with with a $500 million investment from GM. As part of the deal, GM will also secure a seat on Lyft's board. The car...

Venture capital firm Fontinalis Partners announced a new investment in Lyft today. Lyft is the San Francisco-based ridesharing service provider and leader in the sharing economy movement. Next-Gen Mobility Fontinalis, co-founded in 2009 by Bill Ford, seeks to invest in companies with creative...

GSV Capital Corp (NASDAQ: GSVC) rose nearly 2 percent Friday after investor Carl Icahn disclosed a $100 million investment in the ride-sharing startup Lyft Inc. GSV, a closed-end management investment company, had about 3.7 percent of its assets invested in Lyft as of March 31, and valued...

Before Facebook Inc (NASDAQ: FB) and Twitter Inc (NYSE: TWTR) filed their IPOs, GSV Capital Corp (NASDAQ: GSVC) allowed investors to get a piece of these promising startups. Michael Moe, co-founder, CEO and Chief Investment Officer of GSV Capital, started the company after a long career involving...

Taxi medallions represent a highly regulated market where, even if demand increases, the supply may not rise sufficiently to meet increased demand. This dynamic has driven up the cost of the taxi medallions issued by city governments and increased overhead for taxi drivers. The Washington Post...