DETROIT (CBS/AP) — General Motors Co. says it has acquired defunct ride-hailing company Sidecar.
The terms of the deal weren’t disclosed. Sidecar ceased operations on Dec. 31.READ MORE: Berkeley Officials To Consider Making VP Harris' Childhood Home A Landmark
GM says it will integrate some of Sidecar’s employees and assets into its own urban mobility team.READ MORE: SF Man Found Fatally Shot Early Saturday Near Oakland's Lake Merritt
Sidecar, which was founded in 2012, offered three separate app-based services through its fleet of drivers: ride-hailing, car-pooling and deliveries. It operated in 10 U.S. cities, including Seattle and Boston, but struggled to compete with bigger rivals Uber and Lyft.
The acquisition of the San Francisco company is GM’s second major mobility deal this month. Earlier in January, the Detroit automaker invested $500 million in Lyft.MORE NEWS: Counties Across California Want Out of Blue Shield-Administered Vaccine Program
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