(Reuters) – Lyft said on Thursday its co-founders Logan Green and John Zimmer are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan.
Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.
The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities.
Sean Aggarwal, who was the chair of Lyft’s board from 2019 to 2023, will reprise his role.
Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector.
Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China’s Baidu to introduce the search-engine giant’s robotaxis in the region.
It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.
Rides on Lyft’s platform grew 14% to a record high of 234.8 million in the quarter, slightly below estimates of 235.9 million, per Visible Alpha.
Reporting by Juby Babu in Mexico City; Editing by Alan Barona
Source: worldautoforum.com
I Bought a 2016 Toyota Highlander with 129K, and the Prior Owner Must Have Been a Toyota Dealer’s Nightmare, Or Maybe I’m Dreaming?
Follow us today... Is this the perfect used car, or just a dream? Robert found a 2016 Toyota Highlander with a flawless 129k-mile service history. Now he's ready to make some upgrades. What would you do? Robert Doren II on the Toyota Highlander Owners Club Facebook page says, "I just bought … [Read More...]
Tesla Cybertruck Owner Says, “It’s a Futuristic Chrome-Plated Dumpster Designed On an Apple II By a Stoned Elon Musk, But Requires Less Maintenance Than a Goldfish”
Follow us today... A Tesla Cybertruck owner knows it's a "futuristic chrome-plated dumpster," but he doesn't care. He says it goes from 0 to 60 in 2.5 seconds and has "less maintenance than a goldfish." Find out why this rolling trapezoidal toaster is an unbeatable daily driver. Do you think this … [Read More...]
2020 Honda CR-V Owner Says, “The Dealer Is Threatening Me With a $175 Inspection Fee For An AC Leak That Is Caused By a Recall Issue”
Follow us today... Should a Honda dealer charge a CR-V owner to diagnose a problem that a recall might cover? Here's a story that affects all Honda owners. This report is based on a post from Kent Hankesh on the Honda CR-V Community Facebook page: He says, "I have a 2020 Honda CR-V EX. Can a … [Read More...]
Old Dominion Connects Country Music and Cars
Talking music and cars with Grammy-nominated Old Dominion. Source: caranddriver.com … [Read More...]
Tested: 2002 Maserati Spyder Cambiocorsa, the Brand's Comeback Car
From the archive: An Italian feast for the automotive senses. Source: caranddriver.com … [Read More...]
View Photos of the 2002 Maserati Spyder Cambiocorsa
See the interior and exterior of the 2002 Maserati Spyder Cambiocorsa from every angle. Source: caranddriver.com … [Read More...]
1981 Toyota 4×4 Pickup on Bring a Trailer Sports Awesome '80s Graphics
Transmission: manual. Windows: manual. Front locking hubs: manual. This truck is Clint Eastwood, the Toyota. Source: caranddriver.com … [Read More...]
Tesla Buyer Says, “I Was Supposed To Take Delivery of This Model 3 and the Dealer Said It Got Sent Back, I Think They Lied To Me and Sold It To Someone Else"
Follow us today... When Vanessa went to buy her dream Tesla, the dealership swapped her clean car for an accident-damaged one—is this a hidden disaster or a deal worth the risk? Vanessa Von Graff on the Tesla Model 3 and Model Y Owners Club Facebook page says, "I'm supposed to pay for this car tomorrow. After … [Read More...]
This Ex-IndyCar Driver Wants to Completely Rethink Motorsports
J.R. Hildebrand has envisioned a more dynamic, more exciting way to go racing by going back to the basics and ditching downforce. Source: caranddriver.com … [Read More...]
Maserati MCPura launched in India at ?4.12 cr: Italian V6 pushes over 630 bhp
Share via: The Maserati MCPura has been launched in India at ₹4.12 crore (ex-showroom). Offered in coupe and Cielo convertible variants, the supercar gets the 3.0-litre twin-turbo V6 engine with 630 bhp. ...Read More <div class="imgWrapper" data-item-event="image_clicked" data-ga-widget="Image Interactions" … [Read More...]