GM, Lyft To Develop Self-Driving Cars With $500M Partnership
General Motors and ride-sharing service Lyft announced they'll team up to develop self-driving cars and create rental hubs for drivers.By Christian Bryant | January 4, 2016
General Motors and ride-sharing service Lyft announced a partnership Monday to create a fleet of self-driving cars.
The 107-year-old legacy automaker said in a release it's investing $500 million in the pink-mustached company to create a "connected, seamless and autonomous" future for getting around.
Aside from developing on-demand, self-driving Lyft vehicles — which is more of a long-term goal — the two companies plan to "immediately" create a rental hub so Lyft drivers can snag a car for short-term use.