GM Betting $500 Million On Lyft To Boost Autonomous Vehicles

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.

Lyft unveils $1 billion Series F Fund
On Monday, Lyft unveiled the close of its $1 billion Series . . .


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