Lyft begins testing car rentals in San Francisco

first_img CES 2019: Ride along with us in an autonomous Lyft Now playing: Watch this: Tech Industry Mobile 0 Tags Share your voicecenter_img Post a comment Lyft 3:21 You might be able to drive these Lyft vehicles all by yourself.  Lyft Just as Uber’s stock market debut gets off to a rocky start, rival ride-hailing company Lyft is exploring the possibility of car rentals in San Francisco.Lyft said its vision is to reduce the need for personal car ownership. As part of a small test, Lyft is experimenting with letting riders rent cars for long-distance trips. Lyft users will pay about $60 per day to rent a standard sedan and $100 per day for an SUV, according to a report Friday from Engadget. It’s unknown at this time how many people are participating in the test and how many vehicles are available for rent. The vehicles are reportedly new and there aren’t any mileage caps or options for hourly rentals.lyft car rentalLyft’s app could soon include car rentals. Lyft “We’re constantly adding multimodal options so people can use Lyft for any kind of trip. We’ve added bikes, scooters, and public transit info into the app in cities across the country, and we’re currently testing a small-scale rental option for long-distance trips, like a weekend away,” a Lyft spokesperson confirmed on Friday.Originally published May 10 at 11:16 a.m. PT.Update, 11:23 a.m. PT: Addd statement and images from Lyft.last_img read more

LVMH Moët Hennessy Louis Vuitton posts steady rise in organic growth

first_imgIn less than a month from now, luxury goods maker LVMH Moët Hennessy Louis Vuitton will be announcing its decision on payment of interim dividend. The French conglomerate had posted an increase of six percent in organic growth sales for the third quarter (Q3) ended September 2016, up from three percent in Q1 and four percent in Q2, while overall sales came in at €9,138 million.The organic growth was led by perfumes and cosmetics segment that rose 10 percent, while the watches and jewellery segment grew by just two percent.For the nine-month period, the company’s sales stood at €26,326 million, up four percent from €25,288 million in the corresponding period last year.From an organic revenue growth perspective for the first nine months of calendar year 2016, the segments showed divergent trends.The wines and spirits business group grew seven percent, while the fashion and leather goods segment rose two percent. Its perfumes and cosmetics revenues increased eight percent and the watches and jewellery posted four percent growth, according to the company.Curiously, the company is not doing well in its domestic market, France.”Asia, excluding Japan, showed a significant improvement during the quarter. The United States remains well positioned, as does Europe, with the exception of France which continues to feel the impact of a decline in the number of tourists,” according to LVMH statement.At around 7.10 pm (IST), the share price of LVMH was trading at €163.45 per share.last_img read more