Management & Operations

GM invests $500M in Lyft

Posted on January 4, 2016

Lyft
Lyft

NEW YORK — General Motors (GM) invested $500 million in Lyft as part of the ride-hailing services latest round of venture financing, which totaled $1 billion overall, The New York Times reported.

As part of the investment into Lyft, GM will work on developing an autonomous, on-demand network of self-driving cars. GM will also work with Lyft to set up a series of short-term car rental hubs across the U.S., places where people who do not own cars can pick up a vehicle and drive for Lyft to earn money. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

Cleveland RTA partners with medical group to rebrand key route

Revenue from the MetroHealth Line sponsorship will be used to upgrade landscaping and bus stations along the route.

Siemens names new mobility division president

Marc Buncher brings 25 years of rail experience, including his most recent role as the sr. VP, rail division, at Caterpillar.

Mont.'s Mountain Line to extend fare-free program

Partner agencies have agreed to continue support for the program, which has bolstered ridership.

Voith executes succession plan, names new president/CEO

As planned, Dr. Hubert Lienhard, who has been in charge since 2008, will retire in 2018 upon completion of his second term in office at the age of 67, with Stephan Schaller assuming the role in April.

Transportation options could lure Amazon to Denver, report says

The New York Times recently published an analysis of roughly fifty American metro areas and used guidance that Amazon included in its request for proposals to narrow down the field.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close