Operations

GM-Lyft Deal Points To Pursuit Of Driverless Future

Posted on January 5, 2016


Jan. 4 marked the first time a major carmaker teamed up with a transportation network company, and the crown didn’t go to the sector’s reigning cash king, Uber. Instead, General Motors bestowed a half billion dollar investment onto Lyft, a company that, until recently, could best be compared to a spare heir, but just completed a new $1 billion round of funding, thanks in large part to GM’s investment.

Vanity Fair article here

Related article: What Lyft-GM Deal Means

Related Topics: autonomous vehicles, business deals, driverless cars, General Motors, Lyft, self-driving vehicles, TNCs

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