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Is General Motors' New Deal With Uber a Stab in Lyft's Back?

Posted By GMbeat on Articles

http://www.fool.com - In a new pilot program, GM's Maven unit will lease vehicles to Uber drivers in San Francisco at a discounted weekly rate. Wait a minute -- doesn't GM own a chunk of Uber's arch-rival Lyft? GM owns about 9% of Lyft, Uber's principal ride-hailing rival in the United States. GM invested $500 million in Lyft in January, GM's president sits on Lyft's board, and GM and Lyft are working on a series of programs together.

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