The Lyft IPO is all about destroying car ownership as we know it. Car production in Britain declined 18.2% in January. It was the eighth successive month of decline. Sales in Turkey declined 60%. Europe-wide, sales are down around 6%. In the US, total car registrations have declined by about 10% Tire sales — a proxy for vehicle production — are down in China, too. People just don't want cars that much anymore. Uber and Lyft are reducing the need for new cars. Automobiles could be entering an...


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