General Motors invests $500m in ride-hailing company Lyft
by Associated Press from Technology | The Guardian on (#ZKDZ)
The Uber rival and the automaker plan to open a network of US hubs where Lyft drivers can rent GM vehicles, giving non-car-owners a way to earn money
General Motors and ride-hailing company Lyft are forming an unprecedented partnership that could help them beat their rivals to the self-driving future.
Lyft said Monday that GM invested $500m in the company as part of a $1bn round of fund-raising.
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