Operations

GM Salvages Sidecar To Fortify Itself Against Uber

Posted on January 26, 2017

A once very busy driver: Uber, Lyft and Sidecar all in one (Flickr.com image via TheTruthAbout) CC license here
A once very busy driver: Uber, Lyft and Sidecar all in one (Flickr.com image via TheTruthAbout) CC license here
General Motors Co. is following up its $500 million bet on Lyft Inc. with another flashy, though far less costly, move to fortify itself against the rise of Uber Technologies Inc.

The automaker has acquired the technology and most of the assets of the San Francisco-based ride-hailing pioneer Sidecar Technologies Inc.

Bloomberg News article here

Related Topics: business deals, business expansion, General Motors, investment, Lyft, mergers & acquisitions, on-demand service, Sidecar, TNCs, Uber

Comments ( 0 )
More Stories
Article

Among The Leaders At The LCT Summit

AUG. LCT: The top operators in the luxury transportation industry who attended this year’s exclusive annual executive conference offer some best practices that can work in your operation.

Johnny McBride, owner of Lux Rides
News

Arizona Operator Goes From Gig To Good

eNews Exclusive: Johnny McBride would have never been exposed to the idea of a luxury transportation company if he hadn’t gotten his start as a part-time driver. 

Article

ELDs: Do You Really Need Them?

AUG. LCT: After April 1, 2018, drivers found out of compliance with electronic logging devices could be ordered out of service. Is your service at risk?