Future of car ownership is on the line as car makers make deals with ride-sharing services.General Motors is investing $5million (U.S.) in ride-sharing service Lyft, the main U.S. rival to Uber.Bentley Continental GT Speed is a relatively subdued vehicle. Not so the new 20Bentley Bentayga sitting alongside it at the Lime Rock race track in the middle of hilly Connecticut, two hours north of New York City during a preview for automotive journalists. Eight automakers are recalling more than million vehicles in the U.S. to replace Takata air bag inflators that can explode with too much force. In January, General Motors put $5million into Lyft, another Uber competitor.
Earlier this month, Apple invested $billion in Chinese ride-hailing company Didi and Fiat Chrysler made a deal with Alphabet to develop self-driving minivans.
Manufacturing News -- Automotive News
In January, General Motors put $5million into Lyft, another Uber competitor. Earlier this month,.
A FLURRY of deals between big car makers and ride-hailing and transport startups is rewriting the playbook in the contest to control the future of personal transportation.Car makers now recognise they may turn ride-hailing services and car-sharing companies into steady customers for all sorts of vehicles, particularly hybrid and electric cars, industry executives and analysts say.Index data is the property of Chicago Mercantile Exchange Inc. and its licensors.Just percent of all cars recalled for faulty Takata airbags in the U.S. have been repaired.
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