VENTURE CAPITAL POST

Uber and Lyft postponed their Minneapolis departure on May 1 when the city council delayed a minimum wage raise until July.

Thousands of Uber, Lyft, and DoorDash drivers are gearing up for a nationwide strike on Valentine's Day to demand fair pay.

App-based ride-hailing service Lyft announced its new initiative with GM, a car rental program called Express Drive. Aiming to grow its base of drivers, the new program will allow drivers to apply without owning a qualifying car but renting in instead.

General Motors is moving forward to compete in the autonomous car markets. The giant automaker has acquired a driverless cars software maker, Cruise Automation, for reportedly more than $1 billion.

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

Uber Technologies said that it has decided to pay $28.5 million to about 25 million riders. The settlement in these cases will allow the company to work peacefully and focus on its prospective growth.

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

Uber generated more revenue in 2015 than in the previous year. However, the company experience more losses in order to pursue growth.

Las Vegas city cabs have overcharged the customers by a whopping $47 million, the findings reveal. The root cause of this extortion lies in its ridiculously high $3 credit card processing fees along with a hike in fuel surcharge. Long-hauling is also an added factor in duping particularly the tourists. The auditors have slammed some pretty harsh recommendations on the Nevada Taxicab Authority which regulates all Clark County cabs.

The overall slow in the Chineses economy does not hurt General Motors' growth in the market. China still remains the largest market for General Motors, according to its president Daniel Ammann.

A $2 million study relieves Uber of the blame of adding to New York traffic congestion. The study basically refutes the allegations made by Mayor de Blasio, and throws up several more findings which hints at commercial car industry needing sweeping reforms.

Google can power related technologies and information from its projects and investments compared to traditional vehicle manufacturers. Autonomous driving keeps to be one of the most widespread research and recent development activities within the global automotive industry.

When the demand is high, Uber uses surge pricing, which charges extra for a ride to a user's destination. But it's experts say that the higher price can be easily avoided with the new research to prove it.

Ride sharing app Lyft has conquered Las Vegas as the car service is now available at the McCarran Airport. Hail as the first ride sharing car service to establish at the said new location, Lyft has snatched the first-based spot from their competitor, Uber.

Since October 21, 2015 is the day that Marty McFly and Doc Brown arrived in the future in 1989 hit sequel movie "Back to the Future: Part II," ride-hailing service Lyft offers New Yorkers a ride in a DeLorean, the time-machine car used in the franchise.