How Aptiv Plans to Boost Lyft’s Business

Some people might be wondering whatever happened to Delphi Automotive, which was a corporation that specialized in auto tech. If so, they should know that Delphi Automative has undergone some serious changes. For example, it is now called Aptiv, which has become its new name as of December of 2017. Furthermore, it should be mentioned that some segments of Delphi Automotive were spun-off as Delphi Technologies, which continues to use its previous ticker symbol of DLPH. Summed, some confusion over the situation is understandable, but the bulk of Delphi Automotive is now called Aptiv.

What Does Aptiv Do?

As stated, Delphi Automotive specialized in auto tech, meaning that it encompassed more than one distinct segments in spite of its focus on its chosen field. The powertrain segment has been spun off under Delphi Technologies. In contrast, Aptiv specializes in electronic systems, with a particular focus on both the hardware and the software that make autonomous cars possible. It is interesting to note that while the powertrain segment was a significant earner for Delphi Automotive, the electronic systems segment is expected to continue growing at a much faster pace because of how the market for cars as well as other automobiles is expected to change for the foreseeable future.

How Is Aptiv Teaming Up with Lyft?

Recently, Aptiv teamed up with Lyft in a rather noticeable manner, which promises some rather interesting results for the future. In short, what happened was that Aptiv and Lyft has teamed up to provide driver-free rides in the City of Las Vegas, which is at the right time for the Consumer Electronics Show. Interested individuals can make use of the Lyft app at a number of pre-designated locations situated throughout the City of Las Vegaas, where said app will provide them with the chance to call an autonomous car as opposed to a manned car. In other words, interested individuals have the chance to test out autonomous cars for themselves instead of experiencing such rides through the narration of others. Something that can make for a much more informative experience than otherwise possible.

With that said, the team-up between Aptiv and Lyft is an excellent example of how autonomous cars are becoming not just more and more capable but also more and more accepted by the members of the general population. Something that promises not just enormous changes for Lyft but also for society as a whole.

For starters, fully autonomous cars would make an enormous difference in Lyft’s revenues and expenses. Simply put, fully autonomous cars would enable Lyft to continue providing its services to interested individuals at a much discounted cost because it would no longer have to pay for drivers to drive the cars needed to do so. Furthermore, assuming that autonomous cars continue to see improvements at a constant rate, it seems probable that the autonomous cars will not just enable Lyft to continue operating at a lower cost but also at a reduced rate of expensive errors. These benefits will provide Lyft with a massive advantage compared to other ride-sharing services, which in turn, means that they will be presented with a stark but simple choice – either follow suit or continue competing at a massive disadvantage. As a result, once autonomous cars become advanced enough as well as trusted enough, it seems probable that there will be a revolution in the world of ride-sharing, which will either force others to follow suit or be rendered obsolete.

Of course, ride-sharing services don’t exist in a vacuum. Simply put, ride-sharing services compete with a wide range of other transportation options, meaning that as ride-sharing services become more and more attractive, other transportation options come under more and more pressure. Ride-sharing services already have an advantage in that using them requires minimal effort from the passengers, but if ride-sharing services pass a portion of the savings from the autonomous cars onto the passengers in the form of reduced costs, that would make them even more attractive as an option. As a result, it is possible that ride-sharing services with autonomous cars could start replacing other alternatives, particularly for those who live in regions with more readily available service because of their convenient location. In the long run, that could even change how infrastructure is laid up, though at that point, matters become very speculative in nature.

Add Comment

Offline Advertising That Still Works
How Tamar Braxton Achieved a Net Worth of $6 Million
The Five Biggest Lawsuits Apple has Ever Faced
How to Manage Your Employees and How to Let them Go
10 Benefits of Having a BJs Credit Card
10 Benefits of Having a Dillards Credit Card
Saving a Little Extra Money in the Age of the Internet
Why Should You Consider a 529 Plan?
Key Takeaways from Verizon’s 2018 Data Breach Investigations Report
Why You Might Trade in Your Smartphone for a Flip Phone
GDPR Part IV: Maintenance
What Exactly is Engineering Technology?
Palm Island Resort is the Ultimate Combination of Adventure and Leisure
The Five Best Hotels in Puerto Rico
Five Hotels With Excellent Status Match Programs
Five Airlines with the Best Status Match Programs
The Top Five Nissan Maxima Models of the 2000s
The Top Five Honda Prelude Models of All-Time
How To Stop Your Car From Depreciating Quickly
The Top Five Lexus RX 350 Models of All-Time
Who is Baume, The New Watch Brand from Richemont Group?
The Top Five Vincero Watches Money Can Buy
A Closer Look at The Jacob & Co. Twin Turbo Furious
A Closer Look at the Tutima Saxon One M