Why GM’s investment in Lyft is such a big deal

Image credit: Lyft / General Motors

 

General Motors announced it has invested $500 Million into ridesharing company Lyft. In the midst of competition to create new autonomous vehicles, GM announced it will provide Lyft drivers with regular cars for passenger pickup and OnStar. The goal of the partnership is to anticipate economic and social changes in coming years to gain a larger market share. Recent studies say as much as 15 percent of cars sold by 2030 will be fully autonomous, meaning car companies like GM need to adapt to changing needs and habits. Will the future be autonomous taxis people don't own but can be ordered by an app? GM hopes to find out.

For more information about this partnership, read the article on the Washington Post.