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Lyft and General Motors Will Invest $500 Million for Vehicle Service

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Home » Posts » Lyft and General Motors Will Invest $500 Million for Vehicle Service
It was reported back in January that General Motors, one of the world’s biggest automobile manufacturers, was investing $500 million in ride-hailing company Lyft as half of a significant partnership to form associate “integrated network of on-demand autonomous vehicles within the U.S.A..” According to a report within the Wall Street Journal, these self-driving cabs will hit the streets in a testing section next year.

The news follows GM’s acquisition of Cruise Automation, an autonomous automobile startup it purchased in March. “We will wish to vet the autonomous school between Cruise, GM, and ourselves and slowly introduce this into markets,” said Lyft product director Taggart Matthiesen.The publication indicates that the autonomous fleet will be created of cheap , long-distance electric get to Bolts that can be fitted with Cruise Automation’s self-driving technology. The exact town wherever the trial can occur hasn’t been disclosed.

Lyft is already working on a image app that offers users the choice of choosing associate autonomous vehicle once ordering a ride. As a way of easing restrictive considerations, the cars will at first return with a driver within the front seat UN agency will take over ought to one thing fail. But the WSJ reports that the driver “is eventually expected to be obsolete.”

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Lyft rival Uber is also reported to be increasing its analysis into associate on-demand self-driving service. The company announced that it absolutely was partnering with the University of Arizona last year to develop mapping and optics technologies.

Google is another company increasing its focus on automated vehicles. The tech big proclaimed a deal earlier this week with order Chrysler which will see it integrate its self-driving system into a hundred Chrysler Pacifica Hybrid minivans.

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