Ride-hail­ing boom to hit auto sales growth


South­field/new York: Ride-hail­ing com­pa­nies like Uber Tech­nolo­gies Inc. will see de­mand boom be­tween now and 2040, hob­bling global auto sales growth, ac­cord­ing to a new study from IHS Markit. As a grow­ing num­ber of con­sumers turn to ride­hail­ing in shared cars that rack up more miles than per­sonal ones, new light-ve­hi­cle sales growth will slow to a crawl.

The mo­bil­ity-as-a-ser­vice in­dus­try will it­self buy more than 10 mil­lion cars in 2040 in the four mar­kets ex­am­ined in the study—china, Europe, In­dia and the Us—com­pared to about 300,000 in 2017, but it won’t be enough to pre­vent new car sales growth from slow­ing “sub­stan­tially”, IHS Markit said. “A great ‘au­to­mo­tive para­dox’—where more travel via car than ever, but fewer cars will be needed by in­di­vid­u­als—will be a defin­ing qual­ity of the new au­to­mo­tive fu­ture,” said Daniel Yer­gin, IHS Markit vice-chair­man. “The shift is just be­gin­ning.” BLOOMBERG as an order for Tesla to im­ple­ment poli­cies to pre­vent and cor­rect ha­rass­ment. “Al­though Tesla stands out as a ground­break­ing com­pany at the fore­front of the elec­tric car revo­lu­tion, its stan­dard op­er­at­ing pro­ce­dure at the Tesla fac­tory is pre-civil Rights era race dis­crim­i­na­tion,” the em­ployee said in the com­plaint, filed on Mon­day in Cal­i­for­nia’s Alameda County Su­pe­rior Court. Tesla didn’t have an im­me­di­ate com­ment on the law­suit. BLOOMBERG

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