Quantcast
Lyft officials said Monday that GM invested $500 million in the company as part of a round of a $1 billion round of fund-raising.
GM gets a seat on Lyft's board and access to the 3-year-old company's software, which matches riders with drivers and automates payments. It also becomes a preferred vehicle provider, with the chance to get many more people behind the wheel of a Chevrolet, Buick, GMC or Cadillac. (File photo)
Lyft officials said Monday that GM invested $500 million in the company as part of a round of a $1 billion round of fund-raising. GM gets a seat on Lyft's board and access to the 3-year-old company's software, which matches riders with drivers and automates payments. It also becomes a preferred vehicle provider, with the chance to get many more people behind the wheel of a Chevrolet, Buick, GMC or Cadillac. (File photo)

General Motors invests $500m in Lyft, forms partnership

DETROIT — General Motors Co. and ride-hailing company Lyft Inc. are forming an unprecedented partnership that could help them beat their rivals to the self-driving future. Lyft said Monday that GM invested $500 million in the company as part of a round of a $1 billion round of fund-raising. GM gets a seat on Lyft's board and ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*