Recently, General Motors officials noted that they believed that most folks will have their first experience with autonomous vehicles while using a ride-sharing service. Today, the company put $500 million of its money where its corporate mouth is by investing in Lyft, Inc.
The big money investment – the maker’s largest single investment in another company – is aimed at developing a fleet of self-driving ride-share vehicles. In addition to the working partnership, GM also gets a seat on Lyft’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.” (more…)