Jump to content
Create New...
  • William Maley
    William Maley

    General Motors Forms Alliance With Lyft, Invests $500 Million

      A New Alliance Between GM and Ride-Sharing Service Lyft Looks Towards the Future


    General Motors announced this morning a new alliance with ride-sharing company Lyft to develop an on-demand network of autonomous vehicles. GM has also invested $500 Million into Lyft as part of a round of a $1 billion round of fund-raising - one of the largest investments GM has made into a company.

     

    Lyft is a ride-sharing company that connects passengers who need a ride with those who have a car via an app. The app also automates payments to drivers.

     

    The goal of two companies is to build out a network of hubs around the U.S. where people can summon an autonomous vehicle via Lyft's app. The partnership with GM could give Lyft over its competitor Uber, which is also developing a network of autonomous vehicles.

     

    In the short term, the two are planning on opening a number of hubs that Lyft drivers can rent GM vehicles. This gives GM a leg up against the likes of Diamler and Ford who are developing their own ride-sharing services. GM will also have a seat on Lyft's board of directors and access to Lyft's app.

     

    “We see the future of personal mobility as connected, seamless and autonomous. With GM and Lyft working together, we believe we can successfully implement this vision more rapidly,” said GM President Dan Ammann in a statement.

     

    Speaking with the Associated Press, Ammann and Lyft Co-Founder and President John Zimmer said the two companies started having serious discussions about three months ago. Both see massive changes coming in the model of car ownership and have similar visions on how to deal with it.

     

    Source: The Detroit News, GM

     

    Press Release is on Page 2


     

    GM and Lyft to Shape the Future of Mobility

     

    SAN FRANCISCO – General Motors and Lyft today announced a long-term strategic alliance to create an integrated network of on-demand autonomous vehicles in the U.S.

     

    GM will invest $500 million in Lyft to help the company continue the rapid growth of its successful ridesharing service. In addition, GM will hold a seat on the company’s board of directors.

     

    “We see the future of personal mobility as connected, seamless and autonomous,” said GM President Dan Ammann. “With GM and Lyft working together, we believe we can successfully implement this vision more rapidly.”

     

    John Zimmer, president and co-founder of Lyft, said: “Working with GM, Lyft will continue to unlock new transportation experiences that bring positive change to our daily lives. Together we will build a better future by redefining traditional car ownership.”

     

    Key elements of the GM and Lyft alliance include:
    Autonomous On-Demand Network: The joint development of a network of on-demand autonomous vehicles will leverage GM’s deep knowledge of autonomous technology and Lyft’s capabilities in providing a broad choice of ride-sharing services.
    Rental Hub: Beginning immediately, GM will become a preferred provider of short-term use vehicles to Lyft drivers through rental hubs in various cities in the U.S.
    Connectivity: Lyft drivers and customers will have access to GM’s wide portfolio of cars and OnStar services, leveraging two decades of experience in connectivity. This will create a richer ride-sharing experience for both driver and passenger.
    Joint Mobility Offerings: GM and Lyft will also provide each other’s customers with personalized mobility services and experiences through their respective channels.

    User Feedback

    Recommended Comments

    Guest Wings4Life(BANNED)

    Posted

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

    Link to comment
    Share on other sites

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

    This does give GM an advantage over everyone else as they are in with the customer NOW on Lyft and I can see Lyft putting together a deal for their drivers to buy GM autos for daily use in their job.

     

    Ford and Chrysler have nothing there yet.

    Link to comment
    Share on other sites

    What's interesting is GM's access to the Lyft app... There is probably going to be some data sharing going on that would give a huge amount of information to GM on how vehicles are used in this type of service.  This is every bit a knowledge purchase for GM.

     

    Johan has already stated that there are no longer technical hurdles to autonomous driving, only legal ones.

    Link to comment
    Share on other sites

    Guest Wings4Life(BANNED)

    Posted

     

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

    This does give GM an advantage over everyone else as they are in with the customer NOW on Lyft and I can see Lyft putting together a deal for their drivers to buy GM autos for daily use in their job.

     

    Ford and Chrysler have nothing there yet.

     

     

    They have simply announced what they will do thus far, which yes, includes these hubs to discount GM vehicles. 

     

    I am pretty sure the competition can follow that lead pretty easily, if they have not already thought of it.

     

    But again, future near term stuff. No advantages yet.  For anyone.

    Link to comment
    Share on other sites

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

     

     

    Well, the younger crowd is not into cars the same way we are.....this offers rides to those who do not want to deal with ownership of a car.

     

     

    Can't blame them with the rising costs of everything.....

    Link to comment
    Share on other sites

    Guest Wings4Life(BANNED)

    Posted

    I think what we all should agree on, is that the landscape for automotive sales and transportation is on the brink of radical change for everyone.  We will hardly recognize it in the next 10 years, maybe sooner.

    Link to comment
    Share on other sites

     

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

     

     

    Well, the younger crowd is not into cars the same way we are.....this offers rides to those who do not want to deal with ownership of a car.

     

     

    Can't blame them with the rising costs of everything.....

     

    what will happen is the cost of periodically having access to a car will evolve into costing as much then as it does not to make the car payment etc. and having your own car.  They will figure out how to profit more by leasing the service instead of selling the car and take just as much of your money in the process.

     

    between EPA mandates NHTSA mandates and the movement afloat to kill car ownership and driving yourself, now you know why there is not much resources put into fun cars anymore.  All the R&D is going for other things,

    Edited by regfootball
    Link to comment
    Share on other sites

     

     

    Well, nobody has an advantage yet.  The players are all cautiously aligning to a future that is not yet known or developed as of yet,

     

     

    Well, the younger crowd is not into cars the same way we are.....this offers rides to those who do not want to deal with ownership of a car.

     

     

    Can't blame them with the rising costs of everything.....

     

    what will happen is the cost of periodically having access to a car will evolve into costing as much then as it does not to make the car payment etc. and having your own car.  They will figure out how to profit more by leasing the service instead of selling the car and take just as much of your money in the process.

     

    between EPA mandates NHTSA mandates and the movement afloat to kill car ownership and driving yourself, now you know why there is not much resources put into fun cars anymore.  All the R&D is going for other things,

     

     

     

    But with the population growth, it was only a matter of time.....So profit will happen one way or another....

    Link to comment
    Share on other sites

    I see where this will play now. GM has targeted the Bolt and I expect most EV cars to this in the Cities. Most people can not own a EV in town as they do not have a place to charge them let alone park them.

    This way they do not have to buy them, they do not need to charge them and they do not have to park them.

    Lets face it the best place for an EV is in a downtown Metro area but it is the worst place to own a car let alone a EV car with no charging stations.

    They really have invented the Johnny Cab from the Arnold movie.

    Edited by hyperv6
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • Community Hive Community Hive

    Community Hive allows you to follow your favorite communities all in one place.

    Follow on Community Hive
  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Yeah, it doesn't seem super space efficient.
    • So three major problems with this car, one, terrible Jellybean external shape, not impressed at all with the style. Second is the buttonless dash having everything via a touch screen and rotary knob, terrible safety issue as your eyes will be off the road more than on trying to find the right option in the right menu. Third is the center pack clearly cuts into valuable leg space based on their own picture. This is a hard pass.
    • Great Masculine shape, really digging the style they did here.
    • First seen at the Shanghai Auto Show (see article: Polestar 4 - The New Breed of Electric SUV Coupe), Polestar brought the Polestar 4 to the New York International Auto Show for North Americans to see in person. Polestar calls the Polestar 4 an "electric SUV 4-door coupe". Outside of that marketing speak, the Polestar 4 is a slightly lifted four-door hatchback about 190 inches in length, or roughly 2 inches shorter than a Toyota Camry.  Built without rear glass, the Polestar 4 makes use of a rear camera for visibility astern. Polestar 4 features a plethora of standard content, including 20-inch 5 V-spoke black diamond cut alloy wheels, panoramic glass roof, adaptive cruise control, 360 parking camera with 3D view, energy saving heat pump, front-illuminated Polestar logo, e-latch doors, power-operated tailgate with soft close, Polestar digital key, wireless phone charging, and 8-way electrical driver seat and 6-way electrical passenger seat. The fastest production car the brand has ever developed to date, Polestar 4 can accomplish a 0-60 mph sprint in 3.7 seconds and in top spec can produce 544 horsepower. Long-range single-motor variants have 272 horsepower and a targeted EPA range of over 300 miles. All long range variants have a 102 kWh battery capable of 200 kW charging on a DC Fast Charger and 11 kW on home level-2 charging. Google built-in is ... built in and includes Google Assistant, Google Maps and Google Play. Polestar continues to offer a leading connected in-car experience. As with all other Polestar cars, regular over-the-air updates allow for new features and improvements to be sent remotely to all vehicles. Pricing starts at $54,900, with orders opening in April for deliveries in the latter half of this year.   View full article
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings