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Uber and lyft are changing the auto industry

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Uber and lyft are changing the auto industry

Uber and lyft are changing the auto industry

Auto industry experts said at a conference on Wednesday that ride-hailing apps like those of Uber and Lyft are expected to alter the state of car ownership towards subscription-based services and shared ownership.

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

Both Uber and Lyft went public this year, but are trading well below their offer prices.

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