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GM To Invest $500 Million In Lyft, Build Autonomous On-Demand Car Network

Posted By GMbeat on Articles

http://www.jalopnik.com - General Motors announced today it will invest $500 million in ride-sharing service Lyft and partner with the San Francisco startup for a network of autonomous on-demand cars. The deal gives GM a seat on Lyft’s board, provides Lyft with half its latest $1 billion venture capital financing round, and sets both companies up to create a network of on-demand autonomous vehicles.

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