Uber and Lyft to turn the wheels on car ownership: industry experts


  • TECH
  • Thursday, 23 May 2019

FILE PHOTO: Uber and Lyft stickers are seen on a car windscreen as protesters join an Uber drivers' strike for higher wages at LAX airport in Los Angeles, California, U.S., May 8, 2019. REUTERS/Lucy Nicholson

TORONTO: Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on May 22.

At the annual Collision Conference in Toronto, speakers said ride-hailing apps are also set to play a role in testing automation for safety.

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