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Of course, GM owns a piece of Lyft and leases a lot of cars to drivers at both startups.

The new extended-rental program is called Maven Reserve.

Prices start at $8 an hour for cars and $14 an hour for SUVs.

Self-driving Bolt EVs would use technology from GM-owned Cruise Automation.

GM and Lyft haven't hammered out how many cars will be part of the pilot program or which city it will be launched in yet, but we'd expect more info soon.

The deal is expected to cost GM 'over $1 billion' and be completed during Q2.

GM has added yet another arrow to its autonomous vehicle quiver, announcing the acquisition of San Francisco tech startup Cruise Automation.

In A Series Of Moves, GM Reinvents Itself As A Mobility Company

For now, General Motors. In the future, General Mobility? GM executives unveiled the creation of a new car-sharing service called Maven that will allow customers to use cars for as little as $6 per hour.

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