GM Invests $500M in Ride-Sharing Lyft

General Motors President Dan Ammann (center) with Lyft Inc. co-founders John Zimmer (right) and Logan Green (left)
General Motors President Dan Ammann (center) with Lyft Inc. co-founders John Zimmer (right) and Logan Green (left)

General Motors and Lyft have announced a long-term alliance to create an integrated network of on-demand autonomous vehicles in the U.S.

GM will invest $500 million in Lyft to help the company continue the growth of its ridesharing service, according to GM.

In addition, GM will hold a seat on Lyft’s board of directors.

“We see the future of personal mobility as connected, seamless and autonomous,” said Dan Ammann, GM president. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”

“Working with GM, Lyft will continue to unlock new transportation experiences that bring positive change to our daily lives,” said John Zimmer, Lyft’s president and co-founder. “Together we will build a better future by redefining traditional car ownership.”

According to GM, key elements of the alliance include:

  • Autonomous on-demand network: The joint development of a network of on-demand autonomous vehicles will leverage GM’s knowledge of autonomous technology and Lyft’s capabilities in providing a broad choice of ride-sharing services.
  • Rental hub: Beginning immediately, GM will become a preferred provider of short-term use vehicles to Lyft drivers through rental hubs in various U.S. cities.
  • Connectivity: Lyft drivers and customers will have access to GM’s portfolio of cars and OnStar services.
  • Joint mobility offerings: GM and Lyft will also provide each other’s customers with personalized mobility services and experiences through their respective channels.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Job Finder: Access Top Talent. Fill Key Positions.

>