GM and Lyft: the changing face of the automobile industry

Too Long; Didn't Read

<a href="https://en.wikipedia.org/wiki/Lyft" target="_blank">Lyft</a>, which in January organized an investment round in which General Motors participated with $500 million, <a href="http://www.reuters.com/article/us-lyft-m-a-gm-idUSKCN10N2BJ" target="_blank">has rejected a full buyout offer from the automotive company</a>, a scenario that contributes to delineating the following frontier in the <a href="https://hackernoon.com/tagged/automobile" target="_blank">automobile</a> industry: people are buying fewer automobiles, and that transport will no longer be about ownership but about services provided by third parties.