Los Angeles Mayor Eric Garcetti speaks as Lyft lists on the Nasdaq at an IPO event in Los Angeles on March 29, 2019.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
Other automakers have taken a similar approach, with GM’s arch-rival Toyota, for one, partnering with Uber. When it was first announced, GM’s then-president Dan Ammann said the automaker wanted to put some of the autonomous vehicles it is developing into service through Lyft. That fit into the ride-sharing service’s own strategy.
But while Lyft is now running its own autonomous vehicle development program, GM has stepped back. “Right now… we have no active projects under way,” Barra said in June.
This company can’t make a profit. How is it valued at 20 million?
$20 billion is too much for such company but I might be wrong
Woah 🚀🚀🚀
Bad buy stay away