Ford Motor Company said it has formed a partnership with ride-sharing service Lyft to deploy self-driving vehicles on Lyft's network in large numbers by 2021. The two companies will work together to design software that will allow Ford vehicles to communicate with Lyft's smartphone applications.

US ridesharing giant Lyft announced it was acquiring bikesharing operator Motivate as it ramps up efforts against rival Uber in alternative forms of transportation. Terms of the deal were not announced for Motivate, which operates bike programs in New York, Boston, San Francisco, Washington and elsewhere.

Uber has announced its initial public offering (IPO) to be released on Thursday and will make its market debut in May.

One of the world's most iconic cities has voted overwhelmingly to reduce the number of licenses issued for ride-hailing firms such as Uber and Lyft.

US ride-hailing platform Lyft has announced that it will assist voters in the forthcoming mid-term elections in November by offering FREE rides and discounted promotions in an effort to encourage and increase voter turnout.

Smartphone-summoned ride service Lyft announced it is raising $600 million in a funding round that values the Uber competitor at $15.1 billion. The financing round is being led by Fidelity Management & Research Company, and has been joined by Senator Investment Group.

US cities Seattle and Portland are set to get 'smarter' following the launch of a free app which allows users to search for on-demand rides. It will be formally introduced after the completion of a successful three-month test period.

A US ride-services firm has bolstered its attempts to compete for market share with its fierce and larger rival Uber Technologies Inc. by raising $600m in fresh funding. Lyft which was launched in 2012 - has continued to invest in its growth in order to expand its services. This year, the company has extended its services to 100 new cities.