Latest in Culture

Image credit:

GM reportedly tried to buy Lyft

Lyft may be working with GM on autonomous taxis, but the company itself isn't for sale.
Sean Buckley, @seaniccus
August 13, 2016
Share
Tweet
Share

Sponsored Links

Josh Edelson/AP

General Motors is serious about gaining a foothold in the ride-sharing industry. Not only has the company established its own car-lending app and purchased the defunct Uber competitor, Sidecar -- but according to The Information, it's also been toying with the idea of buying Lyft. An interesting idea, but it isn't happening. Sources familiar with the matter say that car-hailing service has already turned GM down.

If GM were to buy its way into the on-demand driver industry, Lyft would be the obvious choice: the company has already has $500 million invested in the company as part a partnership to build an self-driving taxi service. Sources from both The Information and TechCrunch say GM went as far as to put money on the table, but to no avail. For now, Lyft is holding fast to its independence.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Presenting the Best of CES 2021 winners!

Presenting the Best of CES 2021 winners!

View
Audi and BMW shut down car subscription programs

Audi and BMW shut down car subscription programs

View
Samsung heir Jay Y. Lee is going back to jail for bribery

Samsung heir Jay Y. Lee is going back to jail for bribery

View
'Hitman 3' owners won't have to buy earlier games to play their maps

'Hitman 3' owners won't have to buy earlier games to play their maps

View
Facebook and Google allegedly cut a deal that reduced ad competition

Facebook and Google allegedly cut a deal that reduced ad competition

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr