Thursday, January 26, 2017

GM Salvages Sidecar To Fortify Itself Against Uber

<p>A once very busy driver: Uber, Lyft and Sidecar all in one (Flickr.com image via <a href="http://ift.tt/1p0KP9z" target="_blank">TheTruthAbout</a>) <a href="http://ift.tt/GNPTSO" target="_blank">CC license here</a></p>General Motors Co. is following up its $500 million bet on Lyft Inc. with another flashy, though far less costly, move to fortify itself against the rise of Uber Technologies Inc.

The automaker has acquired the technology and most of the assets of the San Francisco-based ride-hailing pioneer Sidecar Technologies Inc.

Bloomberg News article here

Keywords

business deals   business expansion   General Motors   investment   Lyft   mergers & acquisitions   on-demand service   Sidecar   TNCs   Uber   

 

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