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

January 4, 2016 4:27 PM

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

For years, scientists have dreamed of an efficient future where instead of owning your own car, you'll be able to call up a smart vehicle to your location, have it drive you to your destination, then allow it to continue on its way and pick up another passenger. The whole idea revolves around a gigantic network of driverless cars that serves millions of people on demand, minimizing waste in time and resources.

Now, General Motors wants to make that future a reality — by investing half a billion dollars in Lyft, the ridesharing company. The partnership, announced Monday, will initially see GM providing Lyft drivers with regular cars they can use to pick up passengers. And customers and drivers will be able...

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