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

Comments ( 0 )
More Stories
Video

LCT East: Catch the Wave of Success

LCT/NLA Show East takes place November 5-7, 2017 at Harrah's Resort Atlantic City and offers a complete trade show marketplace, networking forum, and educational lineup ideal for limousine and bus operators nationwide and based on the East Coast.