Good morning from Quick Shift, where we'll get you down the first mile of your daily news feed, but then you're on your own. — Shiraz Ahmed
Bike-renting is the new ride-hailing. Uber has acquired Jump, a floating bike rental startup, in what is rumored to be a $100 million transaction. Jump will help Uber fend off growing competition from other modes of transportation such as bikes and scooters, especially in cities that are shifting away from car-based transportation.
Governments move forward on self-driving cars. After an autonomous Uber test vehicle hit and killed a pedestrian in Tempe, Ariz., last month, governments are cautiously moving ahead on deployments across the world. California has outlined new regulations for self-driving passenger pick-ups and autonomous services; North Carolina is considering putting self-driving cars on highways; and Great Britain reaffirmed its commitment to safe testing.
- The Trump administration, after signaling it will be rolling back fuel efficiency standards for 2021-25 model year vehicles, is mulling keeping stricter standards on imported vehicles.
- Meanwhile, BMW is doubling down on electric powertrains.
- UPS is electrifying its whole London fleet of delivery vehicles.
- Researchers concerned about congestion are increasingly pointing the finger at Uber, Lyft and, potentially, self-driving cars.
- Grab the popcorn: Wharton and Carnegie Mellon professors debate autonomous car liability.
- Tesla's solar company adds to long list of financial worries.
- Comma.ai raises $5 million for a "Fitbit for your car."