General Motors invests $500m in Lyft, forms partnership

January 4, 2016 9:49 PM

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DETROIT — The automotive industry is placing its biggest bet yet that using a device to hail a ride — with or without a driver — is the future of transportation.

General Motors Co. said Monday it is investing $500 million in ride-hailing company Lyft Inc. and forming an unprecedented partnership that could eventually lead to on-demand, self-driving cars. It’s the largest investment yet by a traditional automaker in a new mobility company, and is an acknowled...

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