Chief Operating Officer Jon McNeill is leaving ride-hailing service Lyft Inc. after 17 months on the job. Lyft plans to abolish the position.
McNeill arrived in February 2018 from Tesla Inc., where he had been president of global sales and service at Tesla Inc. Bloomberg News, citing an internal memo, says the company will assign McNeill’s duties to other executives.
Lyft went public at $72 per share in March, but the stock has been trading at least 9% below that price since mid-April. Investors remain skeptical about the ability of the company and rival Uber Technologies Inc. to become consistently profitable.
If we go back to the Mercedes A-Class of 2008, we find this: That vehicle looks more utilitarian than Mercedesian.
The changing landscape requires not only new approaches to powertrains—but even new types of vehicles. Here’s how one supplier is addressing these changes.
When you think of complex, highly technical devices that you use every day in your car—in fact, possibly as much as three to 10 times per minute—you probably don’t think of your rearview mirror.