January 17, 2016

YOUR NEXT CAR WILL BE A VOLT:

With A Boost From Lyft, Chevrolet Bolt EV Is Guaranteed To Be A Winner (Joann Muller, 1/17/16, FORBES)

General Motors new Chevrolet Bolt is the first long-range electric car that real people can afford to buy.  [...]

The Bolt is virtually guaranteed to be a winner, even if it turns out there's not much demand from retail buyers. Why? Because it's the perfect vehicle to take advantage of the explosive trend in ride-sharing.

It's no coincidence that the day before GM unveiled the Bolt EV it announced a whopping $500 million investment in Lyft, the San Francisco-based ride-sharing service. GM now owns an estimated 9 percent of Lyft, which valued itself at $5.5 billion after its latest $1 billion funding round. GM President Daniel Ammann will join Lyft's board and together, the two companies plan to develop an on-demand network of self-driving cars.

Posted by at January 17, 2016 8:49 AM

  

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