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

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