General Motors, like many traditional automobile manufacturers, has no illusions about what ride-sharing apps and driverless cars will do to the level of personal car ownership. So it is beginning to lay the foundation for its own ride-sharing services. It pumped $500 million into Lyft, the largest US competitor to Uber, which was once a close competitor, but now trails far behind. And today Bloomberg reported that GM has acquired employees and technology left over from Sidercar, a ride-sharing service that shut down in December of last year.
GM gets the tech Sidecar put into building its app and driver network, along with its co-founder and chief technical officer, 20 employees, and crucial patents. The sale price was reportedly less...
via The Verge
