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Monday, January 4, 2016

GM Bets on Lyft, Invests $500M Towards Autonomous Driving

BOLD RIDE

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The autonomous battle is getting hotter by the day. With Tesla rolling out its semi-autonomous technology in its latest Model S update, and Google and Ford getting in bed to work on deal as well, GM has just invested big in ride-sharing service Lyft.
 
The deal is worth $500 million, and will go specifically towards the development of autonomous vehicles, creating a network of driverless vehicles across the country. Neither GM nor Lyft gave an exact time frame as to when the network would be up and running, but we assume the project will be kicked into high gear to match the competition.



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“We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Amman. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”
 
The deal not only includes the development of autonomous vehicles, but also available to Lyft drivers will be a network of GM vehicles across the country. That includes the use of OnStar for both drivers and passengers. Expect to see more details on this joint project as the year goes on.