GM Betting $500 Million On Lyft To Boost Autonomous VehiclesMani
General Motors Co will invest $500 million in Lyft Inc. to develop a long-term strategic alliance to build out a connected, ownerless car service.
The deal unveiled Monday marks the first time a large car maker has joined with a ride-sharing company, and has catapulted Lyft’s valuation to $5.5 billion.
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