Related: Sidecar Shuts Down
GM Purchases Assets of Ride-Sharing Sidecar
After recently investing $500 million in Lyft, General Motors continues to expand its ride-sharing service by buying assets of Sidecar Technologies Inc. Sidecar stopped its ride-sharing and delivery operations on Dec. 31.
by Staff
January 20, 2016
A screenshot from the Sidecar mobile app. Photo courtesy of Sidecar.
1 min to read
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.
More Rental Operations
Car Rental Rates Forecast to Rise 3.6% in 2026 Before Easing in 2027
Car rental rates are projected to rise less than airfares and hotel rates in 2026, then become the only major travel category forecast to decline in 2027, according to projections from GBTA and ALTOUR.
Read More →
Avis Cuts Fleet as Summer Demand Trails Expectations
Avis Budget Group increased second-quarter earnings despite lower Americas revenue and softer-than-expected summer demand. The company also expanded Avis First and advanced its autonomous fleet operations with Waymo.
Read More →
Why Bookings Are Only the Start of the Rental Day
A reservation captures demand. The operating test is whether the business can keep the customer, vehicle, commercial terms, and next action aligned until the rental is closed.
Read More →
This Is the Oldest Car Rental Advertisement You’ll Ever See
This ad for Saunders Drive it Yourself, believed to be the first car rental company in the U.S., was found in an Omaha phone book from 1926.
Read More →
The Desk Upsell Is Costing Operators More Than it Earns
Counter upsells generate revenue, but they can also slow transactions, erode trust, and cost repeat business. Fully inclusive pricing may offer operators a better path to long-term value.
Read More →
U-Save Expands Indian Ocean Presence with New Master Franchise for Mauritius
The franchise has been acquired by Mauritian travel entrepreneur Umarfarooq Omarjee, an established figure in the island's tourism and mobility sector.
Read More →
Global Carsharing Fleet Projected to Reach 768,000 Vehicles By 2030
A new Berg Insight forecast outlines several business models driving the projected growth in public carsharing worldwide through 2029.
Read More →
Rental Car Fleet Sales Show Mid-Year Strength
June gains ensured rental fleets closed out the first half of 2026 in positive territory.
Read More →
Surprice Mobility Opens Corporate Rental Station at Milan Malpensa Airport
The Milan opening is part of Surprice Mobility's broader strategy to expand its corporate operations while increasing the use of technology across its network.
Read More →
Brazilian Executive MBA Targets Growing Domestic Rental Car Industry
Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.
Read More →