The carserviceUber has been trying to add to its already expanding portfolio of drivers. And it alsowants to do all it can for the pre-existing drivers that seek its services. In order to make this a possibility, it has hooked up with auto makers and financial institutions. It already operates in 22 countries. Now, some changes will occur in six of the high growth markets it functions in.
Uber has over 50 markets on a worldwide level where drivers may order its cars with a quick click on their mobiles. The auto service has been recently facing hurdles in the way of fulfilling demand. The growth trends that are getting more and more difficult to manage are taking place in the already settled markets.
Uber has tried to deal with this in the past through a number of strategies but to no avail. To get a greater number of cars on the highways, over $2.5 billion has to be invested in buying those extra vehicles. What Uber has done instead is that it has partnered with GM and Toyota not to mention certain auto financiers. By decreasing the entry cost for drivers the demands will hopefully be met. It is constant incoming profits that will ensure that financial companies keep up their support.
Drivers may obtain cars now and they’ll save $100 to $200 on monthly installments to boot. Uber is about to try out its experiment in NYC, Boston, Philadelphia, Chicago, Dallas and San Francisco. Thousands of drivers will be signed up for this trial.
Lt. Gov. Mary Taylor, who also is director of the Ohio Department of Insurance, said today that she will huddle with other state insurance commissioners this weekend to discuss whether to regulate ride-sharing companies such as Uber and Lyft, which charge a fee and recently began operating in Cincinnati.
“I think everybody is trying to understand how this needs to be regulated to protect consumers,” Taylor said during an exclusive int ... Source: Cincinnati Business Courier
Full article at: Cincinnati Business Courier
6 days ago, 1:00pm CDT
Plus: 'EE, how shocking, ANOTHER problem I face with your service' Quotw This was the week when so-called “sharing economy” car firms – more accurately “slightly different ways to turn a profit” car firms – Uber and Lyft got into a bit of a barney. Lyft told CNN that Uber staff were pranking the company out of profits by ordering rides and then cancelling them, as well as ordering Lyft services for a sh ... Source: The Register Hardware
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1 week ago, 4:26am CDT
You might soon be able to pay for that Uber ride or that AirBnB reservation using bitcoin. The Wall Street Journal reports that eBay has been working to integrate bitcoin into its Brain ... Source: GizmodoFull article at: Gizmodo1 week ago, 10:54pm CDT
It's safe to say that Uber has become a victim of its own success, provoking the ire of the global taxi industry and also its fellow ridesharing competitors. While it's enjoyed some leniency in the US, E ... Source: Engadget
Full article at: Engadget
Aug 14 2014, 11:21am CDT
Even though Uber is in the middle of a ridesharing battle against competitor Lyft, that's not stopping the company from focusing to make its product better. With this in mind, Uber just announced a couple of new featur ... Source: Engadget
Full article at: Engadget
Aug 13 2014, 2:03pm CDT
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