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GM invests US$500 million in ride-hailing service Lyft

(From left) Logan Green, chief executive of Lyft, GM's Mr Ammann and Lyft's Mr Zimmer. GM's interest in Lyft is the single largest direct investment by a car manufacturer into a ride-hailing company in the US.

New York

THE founders of Lyft, the ride-hailing service, have long imagined that the future of transportation would involve fewer cars on the road. Now General Motors is helping the startup reach that goal.

Lyft announced on Monday that GM had invested US$500 million in the company...