GM President Leaves Lyft Board in Sign of Worsening Relations
Dan Ammann, GM’s president, is leaving ride hailing service Lyft’s board of directors, to be replaced by Maggie Wilderotter, of Hewlett Packard.
Ammann joined Lyft’s board in January of 2016 following a $500 million investment that was supposed to see the two companies work closely together on the future of mobility.
The deal was supposed to start with leasing GM cars to Lyft drivers before moving on to building a network of autonomous cars. Signs of a bad start came quickly though, when Lyft partnered with Ford to develop self-driving technology in 2017. It also paired with Waymo, Google’s automated driving startup.
GM, not to be outdone, bought Cruise Automation in 2016, which makes driverless Bolts in Michigan known as the Cruise AV.
Still, GM insists that the relationship is going well and that Ammann’s stepping down from the board of directors is not a sign of investor’s regret.
“We continue to be pleased with our investment in Lyft,” said Dave Roman, a GM spokesperson, in a statement. “This board change has no impact on our investment.”
A version of this story originally appeared on GM Inside News
Sebastien is a roving reporter who covers Euros, domestics, and all things enthusiast. He has been writing about the automotive industry for four years and obsessed with it his whole life. He studied English at the Wilfrid Laurier University. Sebastien also edits for AutoGuide's sister sites VW Vortex, Fourtitude, Swedespeed, GM Inside News, All Ford Mustangs, and more.
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