Thursday, June 2, 2016
#Uber - Carpooling Present Serious Threat to Auto Industry: wochit Business
Published on 1 Jun 2016
Automakers are developing anxiety in the face of the growing competition that carpooling presents to the industry. According to Mary Meeker's latest Internet Trends report which came out this morning, UberPOOL now accounts for 20 percent of all Uber rides worldwide. Automakers today feel that people don't want to own cars but are more interested in simply getting rides. General Motors recently invested in Lyft. This is just one example of how traditional carmakers are experiencing tech envy.