The good news is that Lyft’s initial public offering is over-subscribed, according to published reports. That also happens to be the bad news.
Like its disruptive corporate kin – Waymo, Uber, and Tesla Motors – Lyft is out to creatively destroy the automotive industry. In the process, the company is set on a course for its own annihilation… Read More
The crash of Ethiopia Air Flight 961 may have a negative impact on the development of autonomous vehicle technology. The Federal Aviation Administration (FAA) is now forced to reconsider the “self-certification” process used for the Boeing 737 Max 8 airplane involved.
Self-driving car developers have been seeking the same … Read More
I have gazed across the Pond in bafflement over Brexit until two days ago. I now grasp the depth and breadth of British anxiety over political and legal ties to Brussels and it boils down to regulatory over-reach.
Yesterday, the European Commission announced that it had adopted new rules “stepping up the deployment of Cooperative… Read More
Lyft’s S1 filing for its IPO is a sobering read, as such documents often are, requiring, as they do, the full disclosure of current financial circumstances and, everyone’s favorite: risk factors. Lyft identifies 18 risk factors (below) which could interfere with the long-term success of the operation. I think there are more.… Read More
Pundits and pontificators are publishing viewpoints on a utopian future of smart cities and optimized transportation options populated with new mobility solutions ranging from automated ride hailing services to sharable bikes and scooters. In this halcyon view, the bikes and scooters and ride-hail cars will deliver passengers… Read More
The automotive industry is a world of contradictions. Nowhere is this more evident than in the realm of connected cars. Car makers remain utterly conflicted over connecting cars 21 years after General Motors got the ball rolling with the introduction of OnStar.
Even GM had to famously be goaded into connecting its cars by then executive… Read More
Industry analysts are fond of painting terrifying pictures of catastrophic market changes resulting from disruptive technologies or business models. Nowhere is this more evident, of late, than in the automotive industry where everything from artificial intelligence to automated driving is expected to upend current thinking… Read More
Micromobility – characterized by shared bicycles, scooters and other wheeled devices – was all the rage in 2018 and that enthusiasm has carried over into 2019 – if McKinsey is to be believed. McKinsey published a white paper last week touting the glories of micromobility and a potential market of $300B-$500B by 2030.… Read More
Automotive cybersecurity is an intractable nightmare with significant though inchoate implications for consumers and existential exposure for auto makers. This reality became painfully clear earlier this month when the U.S. Supreme Court declined to hear FiatChrysler Automotive’s appeal in a class action lawsuit over … Read More
Ginni Rometty, chairman, president and CEO of IBM was kind enough to take on the task of an hour-long keynote at CES 2019 in Las Vegas last week. She used the opportunity to highlight three areas of computational innovation at IBM – deep data, broad AI and quantum systems – with the help of three partners: Delta Airlines, Wal-Mart… Read More