Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm.

CarServ CEO Mars Mundy says the software company has partnered with Lyft to offer a ride sharing partnership, and future benefits for its shops.

Drive.ai, a California-based computer software company, will launch an autonomous car ride-sharing service in Texas.

As vehicle owners potentially shift from owning vehicles to ride-sharing and autonomous services, one major question that stems from this is how these vehicles will be serviced. Jim Lang touched on that topic in a recent interview with Ratchet+Wrench.

Lyft has begun experimenting with a new subscription model that would cost $199 per month.

Nissan is taking its first steps to becoming an operator of autonomous vehicle services, hoping to break into a segment set to be dominated by Uber and other technology firms.

Maintenance experience and information from trucking fleets “is so valuable right now to the folks dealing with the real-world logistics of car sharing and autonomous vehicles,” Sean Behr said.

The report points out that mobility as a service is growing rapidly mainly due to the high adoption of online mobility services. Globally, the market is expected to grow to experience thriving growth by 2023, surpassing its previous growth records in terms of value. 

As 91 percent of respondents in the automotive space brace themselves for the entry of a new player in personal mobility, mass market OEMs are expected to face difficult years.