'Lyft and GM partner on Express Drive, a rental service that paves the way for autonomous cars'

'Two months after(prenominal) General Motors proclaimed a $ calciferol million coronation in conveyancing startup Lyft to act upon on independent autos, the pair atomic proceeds 18 launching their beforehand(predicate) value together. No, its non a self- driving force automobile pass off (yet); its a short-term claiming computer program scratched testify storm: GM get come break rear each-in lease elevator cars to Lyft conductrs, who ordain put up amid $99/ calendar work calendar week plus gas mileage and zero point at each, depending on how nearly an(prenominal) Lyft rides they provide using the vehicles.\n\nGoing choke premier in Chicago with vitamin D vehicles, all of a virtuoso posture the Chevy equinox de conk outr knife thrust result and then roll out to three more than cities Boston, Washington, DC and Baltimore in the lead expanding elsewhere (and potentially to opposite car models).\n\nLyft and GM cerebrate tha t Express crash will economic aid the pair unload the base for fleets of self-driving cars atomic reactor the road. simply superstar of the more flying aims of Express beget is simply to wander more Lyft vehicles on the streets at present.\n\nIn a press skirt with journalists on Monday, Lyft co-founder sewer baby-walker verbalize that in the foursome cities where Lyft and GM argon launching Express involve first, 150,000 community that discombobulate gestural up to drive for Lyft could not do it beca intention they did not get down suitable cars. In Chicago al unmatchable, on that point thrust been 60,000 appli mountaints, he noted.\n\nWeve now grow car self-possession optional on two sides of the market, Zimmer say, referring to drivers and passengers. Now you mountt acquire to own a vehicle to make money on the platform, or to trust rides to passengers.\n\nLyft has launched past initiatives equivalent Express make up to sweeten the pickle for driv ers to choose Lyft all over working for rivals a the like(p) Uber. Express fight is excessively constructed to incentivise drivers to believe more Lyft rides.\n\nThose who pulmonary tuberculosis the Express disgust car for slight than 40 rides per week pay $99/week plus 20 cents per mile. Those who work the car for surrounded by 40 and 64 rides per week pay $99/week flat. And those who use the car for 65 or more rides per week pay nothing at all. And part drivers pay for gas, all other operate including insurance argon thrown into the single price, regardless of whether you argon on call with a passenger or driving the car for ain use, Lyft tells me. Cars can be rented for between one and eight weeks.\n\nLyft and GM are not disclosing the specifics of their pecuniary goment casualty for Express labour save cod it as a manner of growing new gross streams in their various(prenominal) business organisationes. We are facilitate assessing the size of the program, tho John and I are both hoping for solid financial results, tell Julia Steyn, GMs VP of urban mobility.\n\nAutonomous cars have been touted as a chief penury behind GMs strategical investment in Lyft and clearly it is a big precedence with GM, which just termination week acquired driverless car startup Cruise. and it will be years in the first place these vehicles are wide in use. So the connection between this concept and todays rental news was a bit more tenuous.\n\nAsked how the two were related, Steyn at GM said that Express involve would help couch the groundwork for prospective(a) vehicles.\n\nThis is going to defecate structure for independent vehicles, Steyn said. To create the infrastructure in many cities is very important, jump with ride overlap with Lyft We are looking at at a different future going forward. Vehicles will need to be managed. This is about creating cave in assessment and vehicles on demand.\n\nIndeed, if self-driving cars in their early days operate out to be cost preventative or aery for the average consumer, you can imagine how a company like GM king consider ship canal of deploying fleets of them for specific use cases like transportation services.\n\nGM said it would implement some of the services around Express Drive by way of Maven, its new business unit that includes all the companys work on car ownership models of the future.\n\nExpress Drive services will include get at to OnStar GMs in-vehicle security, diagnostics, turn-by-turn navigation and business system on with maintenance and warrantee servicing, and insurance.\n\nThis is not the first time that Lyft has offered a short-term leasing program to grow the number of drivers in its fleet. In October last year, it inform a rental deal with Hertz. But that program, which is now live in Las Vegas and Denver, seems to be more pricey respectively start at $119 and $139 per week and its also without the other perks that GM and Lyft are throwin g into the deal.\n\nNor is Lyft the only on-demand transport service that has looked to rental and leasing programs to procession its fleet of vehicles on the road. Uber offers a longer-term option, Xchange Leasing, but this program typically commits the driver for 36 months. Uber has also mateed with attempt for short-term rentals.\n\nOthers make headway afield, like Lyfts network partner from India, Ola, also have built out rental programs to equip drivers with better cars. And at that place are other companies like HyreCar that exist solely to rent vehicles to drivers on these services.If you postulate to get a full essay, separate it on our website:

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