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New York City’s wishful thinking on taxi medallions

New York City’s wishful thinking on taxi medallions

The de Blasio administration continues to count $1.2 billion from auctions that may never happen, states Crain’s today. State Comptroller Thomas DiNapoli is known for being understated, but his staff took things a step further in its recent assessment of the de Blasio administration’s financial plan. The comptroller reports that the city is still budgeting(…)

Decade of decline for Irish taxi driver numbers

Decade of decline for Irish taxi driver numbers

The number of taxi drivers in Ireland has reached a new low, with a net loss of 400 in the past year. The amount of people working in the sector has almost halved since the economic downturn a decade ago. Figures published by the National Transport Authority (NTA) show there were a total of 26,012(…)

Uber is working with Toyota to create a vehicle and system that is built for ride-sharing

Uber is working with Toyota to create a vehicle and system that is built for ride-sharing

Toyota is developing an all-electric, driverless shuttle that will be used specifically for commercial services in partnership with major players like Amazon, Didi, Pizza Hut — and Uber, reports Recode. Working with one of the world’s largest car manufacturers on a commercial autonomous service is a significant opportunity for each of these companies, but it(…)

Who controls Uber after its megadeal with SoftBank?

Who controls Uber after its megadeal with SoftBank?

Benchmark and Travis Kalanick no longer control a quarter of the company, reports Recode, but more like a fifth. This month Uber will consummate a series of changes to its power structure as it prepares to accept billions of dollars from the giant Japanese telecom, SoftBank. The deal doesn’t just give early Uber investors and(…)

Sprint’s Marcelo Claure will join Uber’s board

Sprint’s Marcelo Claure will join Uber’s board

Once on the CEO list, Sprint’s Marcelo Claure will take one of two SoftBank seats on Uber’s board — the other going to the Vision Fund’s Rajeev Misra, writes Recode, with several sources confirming. The globe-trotting telecom CEO, whose name has been previously floated for the seat, will take one of two director slots that(…)

NLA-ad warns riders about Uber and Lyft, but some call It alarmist

NLA-ad warns riders about Uber and Lyft, but some call It alarmist

Pamela Anderson walks down a city street and uses her cellphone to book a ride. Along the way, she passes a newspaper and street signs that say, “Hollywood Sexual Harassment Scandal Reaches New Lows” and “U.S. Senator Accused of Groping.” When she gets into the car, she sees another sign that says, “Ride-Hail Drivers Suspected(…)

Volkswagen and Hyundai both plan to deploy self-driving taxis by 2021

Volkswagen and Hyundai both plan to deploy self-driving taxis by 2021

On Thursday, automakers Hyundai and Volkswagen both announced a new partnership with Aurora, the autonomous driving startup with a killer pedigree and good momentum early on – but they also both revealed that each is planning to deploy self-driving cars by 2021 on roads in a commercial capacity. Volkswagen wants to put autonomous cars on(…)

Didi confirms it has acquired 99 in Brazil to expand in Latin America

Didi confirms it has acquired 99 in Brazil to expand in Latin America

Techcrunch reported that Didi was in the process of acquiring 99, a ridesharing company in Brazil, and now the two companies have confirmed the deal as part of Didi’s plans to expand its service into Latin America. Terms of the deal were not disclosed — we are asking — but earlier today we noted that(…)

Amman’s yellow taxis compete for passengers after the arrival of Uber and Careem

Amman’s yellow taxis compete for passengers after the arrival of Uber and Careem

In Amman, Jordan’s capital, approximately 11,400 yellow taxi cabs serve more than 3.5 million residents, reports Globalvoices. The majority of Amman’s residents use cabs every day, placing high demands on taxi drivers who fall short on customer satisfaction. Complaints have included manipulating the meter, swearing and cursing, refusing certain destinations, and smoking in the car. That’s why many(…)

Uber to face stricter EU regulation after ECJ rules it is transport firm

Uber to face stricter EU regulation after ECJ rules it is transport firm

Uber is a transport services company, the European court of justice (ECJ) has ruled yesterday, requiring it to accept stricter regulation and licensing within the EU as a taxi operator, The Guardian reports. The decision in Luxembourg, after a challenge brought by taxi drivers in Barcelona, will apply across the whole of the EU, including(…)

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