GM Deal Buoys Lyft


General Motors has agreed to invest $500 million in Lyft, and the companies will work together to develop an integrated network of autonomous vehicles, they said in a joint announcement on Monday. As part of the agreement, GM will become a preferred provider of short-term vehicles to Lyft customers, and it will provide them with its OnStar vehicle location services. The companies see the future of personal mobility as “connected, seamless and autonomous,” and they believe they can reach that goal more rapidly by working together.

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