GM Partners with Lyft to Produce Autonomous Vehicles
General Motors, in partnership with Lyft, plans to produce on-demand autonomous vehicles in the U.S. GM will invest $500 million in Lyft to help the company continue the rapid growth of its ridesharing service. In addition, GM will hold a seat on the company’s board of directors.
“We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Ammann. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”
John Zimmer, president and co-founder of Lyft, said: “Working with GM, Lyft will continue to unlock new transportation experiences that bring positive change to our daily lives. Together we will build a better future by redefining traditional car ownership.”
The joint venture will combined GM’s deep knowledge of autonomous technology with Lyft’s capabilities to provide a broad choice of ride-sharing services. The customers of both GM and Lyft will be provided with personalized mobility services and experiences from both companies. Effective immediately, GM will become a preferred provider of short-term use vehicles to Lyft drivers through rental hubs in various cities in the U.S. Lyft drivers and customers will conveniently have access to GM’s wide portfolio of cars and OnStar services; creating a richer ride-sharing experience for both driver and passenger.
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