Investing.com — Uber Technologies and Cruise, a subsidiary of General Motors, announced Thursday a multi-year partnership that will see the latter’s self-driving vehicles launch on Uber’s ride-hailing platform.
The companies plan to launch the service next year, starting with a select number of Chevrolet Bolt-based self-driving cars. Uber drivers who request eligible rides may be given the option to ride in a driverless Cruise vehicle.
Uber Technologies Inc (NYSE:) fell 3%, while General Motors Company (NYSE:) rose more than 1% in after-hours trading after the news.
Uber CEO Dara Khosrowshahi said the company wants to “play an important role in safely and reliably bringing autonomous technology to consumers and cities around the world.”
The partnership comes as Tesla (NASDAQ:) threatens to ramp up competition in ride-sharing with the launch of purpose-built ‘robotaxis’. Tesla CEO Elon Musk is expected to unveil a prototype Tesla robotaxi on October 10, 2024.
