General Motors invests $500 million in Lyft, plans self-driving cars

Posted by & filed under Part 1 Business in a Global Environment, Part 2 Starting and Growing Your Business, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 6 Managing Financial Resources.

Description:  General Motors Co. is betting $500 million that ride-hailing services such as Lyft Inc. will be crucial to the future of autonomous vehicles.

Source: Marketwatch.com

Date: Jan 04, 2016

Link: http://www.marketwatch.com/story/general-motors-invests-500-million-in-lyft-plans-self-driving-cars-2016-01-04?dist=lcountdown

Questions for Discussions:

  • What does the article suggest is the reason for GM management’s decision?
  • Do you think this strategy makes sense for GM?

Leave a Reply