Tag: $Lyft Inc

Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.

Lyft shares jumped 7% after the company boosted its share buyback plan to $750 million in its first quarter earnings report.

Lyft (NASDAQ:LYFT) is buying mobility platform FreeNow from German automotive giants BMW (ETR:BMWG) and Mercedes-Benz (OTC:MBGAF) for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday.

Delta Air Lines will link its lucrative SkyMiles loyalty program to Uber this spring, the companies announced Tuesday, as the airline ends its eight-year partnership with smaller ride-hailing rival Lyft.

Shares of Lyft Inc. were up Thursday after the ride-hailing service forecast growth in a key demand metric through 2027, albeit while leaving its outlook for this year unchanged.

Lyft shares were 16% higher in premarket trade on Wednesday, retaining some gains after the company said it made a major error in a press release reporting its latest results.