General Motors investing $500M in Lyft to work on fleet of on-demand, self-driving cars

January 4, 2016 5:16 PM

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General Motors and Lyft — titans of the automobile and rideshare industries, respectively — announced a partnership on Monday that aims to bring on-demand, self-driving cars to American roadways within the next decade.

GM said Monday that it is investing $500 million in Lyft, the San Francisco-based rideshare startup, while the two companies work together toward creating a network of “on-demand, autonomous” automobiles.

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