taxis

South Korean automaker Hyundai unveiled its concept flying car, a full-scale prototype that is set to be mass-produced under a partnership it has struck with Uber Technologies Inc. (NYSE: UBER)  for the latter's air taxi network, at CES 2020 in Las Vegas this week.  Envisioned as an electric...

South Korea-headquartered automakers Hyundai Motors and Kia Motors announced today that they will be investing $300 million in the electric vehicle mobility initiative of Ola, India's cab-hailing giant. Ola has a nearly $6 billion valuation and has raised $3.8 billion to-date. The company has...

Adam Jonas of Morgan Stanley took a deep dive into the taxi and ride-sharing space to see exactly how much of a disruption Uber and Lyft are to the traditional taxi industry. Jonas' new "Taxi and Ride-share App Monitor" (TRAM) examines the detailed monthly report from New York City's Taxi &...

German automaker Daimler AG (USA) (OTC: DDAIY) entered the pick-up and ride-sharing industry controversy last week by announcing it had bought two smartphone applications. The company announced its moovel GmbH subsidiary has acquired mytaxi, an app that books taxis, along with Texas-based...