GM Purchases Assets of Ride-Sharing Sidecar

A screenshot from the Sidecar mobile app. Photo courtesy of Sidecar.
A screenshot from the Sidecar mobile app. Photo courtesy of Sidecar.

General Motors has acquired the assets of Sidecar Technologies Inc. and hired some of its employees, according to a report by The Detroit News. Sidecar recently closed its ride-sharing and delivery operations on Dec. 31.

This acquisition comes soon after GM invested $500 million in Lyft to help expand its ride-sharing service and urban mobility team.

According to a company statement, GM “attracted Sidecar employees to be integrated into the GM urban mobility team, and acquired certain related assets, for work on our global mobility program.”

Terms of the deal were not immediately disclosed.

Vijay Iyer, a GM spokesman, told The Detroit News that the company is in the process of hiring Sidecar employees but wouldn’t comment on the number of employees hired or the specific assets bought.

Click here for the full Detroit News report.

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

6 Takeaways from the 2018 International Car Rental Show

Technological solutions are finally moving from reality to theory, peer-to-peer platforms are being redefined, China has the biggest room for growth, while Sixt’s U.S. aspirations have only just begun.

The Irony of Customer Service in the Digital Age

Sure, any company would jump at the chance to use technology to reduce labor costs. But it also comes with some big, red, flashing warning lights.

Market Forces Driving Car Rental in 2018

An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.

Job Finder: Access Top Talent. Fill Key Positions.

>