On Monday, General Motors and ride-sharing company Lyft announced a new partnership to develop a network of driverless taxis. GM has invested $500 million in Lyft as part of a $1 billion funding round. The partnership includes a seat for GM on Lyft’s board of directors. Neither Lyft nor GM mentioned how soon they expect to realize their driverless taxi dream. In a press release , GM said it would work with Lyft to “leverage GM’s deep knowledge of autonomous technology.” Lyft promised “to build a network of on demand autonomous vehicles that will make getting around more affordable, accessible and enjoyable.” GM’s labs have been testing the waters with autonomous concept cars , even hinting in October that the company’s strategy in 2016 would be “aggressive” and would include a fleet of self driving Chevrolet Volts . Lyft declined to comment publicly on how a fleet of driverless taxis would impact current Lyft drivers. Read 1 remaining paragraphs | Comments
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General Motors pledges $500 million to Lyft for driverless taxi research
