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GM Dumped $500 Million Into Lyft But It's Not Really Working Out

Discussion in 'News' started by BurgerTiime, Jun 14, 2018.

  1. BurgerTiime

    BurgerTiime Well-Known Member

    Location:
    Minneapolis
    Driving:
    Lyft
    https://jalopnik.com/gm-dumped-500-million-into-lyft-but-its-not-really-wor-1826793919
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    Both General Motors and Lyft have ambitious goals to commercialize autonomous taxis in some way, but after teaming up more than two years ago, with the former investing $500 million in the latter, it seems they’ll no longer be pursuing that endeavor together.

    The plan originally was for GM and the Uber competitor to eventually co-develop an autonomous, on-demand ride-hailing car network. GM President Dan Ammann got a seat on Lyft’s board, GM would provide Lyft drivers with vehicles, and Lyft would get venture capital financing from the automaker. At the time it was heralded as a very big deal.

    But GM CEO Mary Barra distanced the automaker from the ride-hailing company this week, saying that while it still has a financial investment in Lyft, “Right now, though, we have no active projects underway.”

    Her confirmation that GM and Lyft are not actively working together on a new project comes a week after GM President Dan Ammann stepped down from Lyft’s board. Maggie Wilderotter, a former telecommunications executive who sits on Hewlett Packard Enterprise Co.’s board with Ammann, will fill his seat.

    GM invested $500 million in Lyft in 2016.

    We have to wonder what caused the schism, although a lot of this, presumably, has to do with GM’s rapidly accelerated effort to develop autonomous driving technology of its own. The automaker is looking to launch a driverless car pilot program called Cruise in San Francisco as early as this year, Jalopnik recently reported, and it hopes to have cars on the road without a steering wheel and driver as early as 2019.


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    General Motors has said it wants to deploy a fleet of self-driving Chevy Bolts for a commercil use.

    And as the News notes, GM’s been through a lot of organizational changes in the past year, from selling its perpetually money-losing Opel-Vauxhall division to the French and downsizing its South Korean operations.

    Lyft, meanwhile, jumped headfirst into the autonomous car race in 2017, partnering up with several companies to figure out ways to introduce self-driving cars into its ride-hailing network. Some pilot programs are under way, including one Jalopnik tested out in January.


    With much of the auto industry teaming up to figure out how, if at all, autonomous cars can work, I think many expected GM and Lyft’s partnership would persist, given the high dollar amount the automaker dumped into the mix. But, alas, it really is a cutthroat world out there.
     
    tohunt4me likes this.
  2. heynow321

    heynow321 Well-Known Member

    Lol The wheels are slowly coming off the bus .
     
    Rakos and tohunt4me like this.
  3. uberdriverfornow

    uberdriverfornow Well-Known Member

    Location:
    no
    Still literally no benefit of a sdc over a human driver.

    It's really funny that they gotta try to brainwash people into liking these death traps.
     
    tohunt4me likes this.
  4. tohunt4me

    tohunt4me Well-Known Member

    Location:
    new orleans , la.
    DONT ASK U.S. FOR ANOTHER BAILOUT G.M. !

    G.M.'s problem of the Past Several Decades !

    Selling the PUBLIC WHAT IT DOESNT WANT !
     
    uberdriverfornow likes this.
  5. uberdriverfornow

    uberdriverfornow Well-Known Member

    Location:
    no
    yep, only companies that want to try to profit from not paying drivers are trying to sell it on the public
     
    tohunt4me likes this.
  6. Buckiemohawk

    Buckiemohawk Well-Known Member

    Location:
    orlando
    I could have told you of the waste of money this was.... It's all vapor, they will never have sdc. All highways, streets and counties would have to have new roads.
     
    UberfiST likes this.
  7. Drivincrazy

    Drivincrazy Well-Known Member

    Location:
    Las Vegas, NV
    Driving:
    Lyft
    I wonder if sdc' s will be cited by cops for driving over a white line...entering a restricted area, like I did. It cost me $100 but plead it down to a parking ticket...no points against driving record. If cops don't cite them also...then it is discrimination. How is the sdc going to know to pull over? Uber probably already has it figured out...a hand with middle finger extended pops up from trunk lid. C U Later!
     
    Rakos and UberfiST like this.
  8. dirtylee

    dirtylee Well-Known Member

    Location:
    Dallas
    Driving:
    UberX
    Er, the general population where you live must be excellent drivers. Every time I take to the road in my market; my life is in Jesus's hands.
     
  9. uberdriverfornow

    uberdriverfornow Well-Known Member

    Location:
    no
    And what sdc's have you seen driving firsthand that have no input from a driver that you can conclusively say are better than human drivers ?
     

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