Advertisement
Canada markets open in 8 hours 10 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7326
    +0.0003 (+0.04%)
     

  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     

  • Bitcoin CAD

    87,702.71
    +106.31 (+0.12%)
     

  • CMC Crypto 200

    1,384.36
    +1.79 (+0.13%)
     

  • GOLD FUTURES

    2,347.40
    +4.90 (+0.21%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,758.00
    +190.50 (+1.08%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    38,038.78
    +410.30 (+1.09%)
     

  • CAD/EUR

    0.6829
    +0.0008 (+0.12%)
     

Nissan is betting against the ride sharing trend

William Fierman
Nissan Motor Co Chief Executive Carlos Ghosn speaks during an interview with Reuters at the 44th Tokyo Motor Show in Tokyo, Japan, October 28, 2015. REUTERS/Toru Hanai
Nissan Motor Co Chief Executive Carlos Ghosn speaks during an interview with Reuters at the 44th Tokyo Motor Show in Tokyo, Japan, October 28, 2015. REUTERS/Toru Hanai

(Thomson Reuters)
Nissan Motor Co-Chief Executive Carlos Ghosn.

Within a week of General Motors' announcement of a $500 million investment into ride-sharing service Lyft, Nissan Motor Co. signaled it may be betting the other way.

Nissan's Carlos Ghosn told Bloomberg's Craig Trudell and John Lippert at the Detroit Auto Show that the company would be developing "connected vehicles" that allow user customization.

The hope, Ghosn said, is that customers will have less interest in sharing a space that they have personalized and made their own.

Ghosn also rejected suggestions that ride sharing services like Lyft or Uber would greatly change the automotive industry of the future.

ADVERTISEMENT

This isn't the first bet Nissan has made against ride sharing, intentionally or otherwise. The Japanese company recently won a long legal battle allowing it to build all of New York City's future taxi cabs beginning in 2017 – the NV200 "Taxi of Tomorrow" – which pits it squarely against Uber and Lyft.

Read the full Bloomberg story here.

NOW WATCH: Volkswagen's brand chief gave an extended apology before their CES keynote



More From Business Insider