IPO-Bound Lyft Tells Investors Lowering Insurance Costs Is Priority

By | March 21, 2019

  • March 21, 2019 at 3:31 pm
    Mark E Sargeant says:
    Like or Dislike:
    Thumb up 3
    Thumb down 0

    These providers can use the term ‘autonomous vehicles’ all they want because it is sexy and gives the feeling of something new on the near horizon. True autonomous vehicles are a long way from becoming a reality and should really have no bearing in this article other than it sounding innovative.
    There is no consensus in the industry of when this could be a reality. Some even push it out to 25 years. Other inhibiting factors in the near future is reliable technology, cost of the system, and the lack of a dedicated infrastructure are among a few of the problems that need to be overcome first.
    If Lyft is mentioning decreasing there operation costs in the same breath as autonomous vehicles they are betting on a very uncertain future.

    • March 21, 2019 at 5:49 pm
      Craig Cornell says:
      Like or Dislike:
      Thumb up 3
      Thumb down 0

      True that. Have you seen their annual financial results? They are losing money at the rate of about 25% of revenue (or more). And Uber is in the same condition.

      What happens when Uber and Lyft have to charge customers enough not to go out of business? And how soon will that happen? (Your local taxi company can’t wait to find out.)

      Autonomous cars are a luxury problem for them at this point.

      • March 22, 2019 at 1:07 pm
        Agent says:
        Like or Dislike:
        Thumb up 1
        Thumb down 0

        Careful, Craig, our notorious Autonomous troll will down vote you to oblivion.



Add a Comment

Your email address will not be published. Required fields are marked *

*