GM announced its half-a-billion investment into Lyft. Lyft is one of the players on ride-share platforms market, the company completes around 7M rides per month in over the 190 cities. According to the announcement, GM is planning to develop the self-driving system together with ride-sharing. It means that when you want to share the ride, you'll sometime see no driver in the car. Right now, it seems very tricky and risky for both service providers and consumers. That's really ridiculous, how much money can companies invest into the new technologies in order to be the market leader. The most crazy fact is that 10 years later we'll see another "Uber" or "Tesla" that will come up from nothing and become a multi-billion company. Just check how many companies have already tried to make something new and invested lots of money into new technologies and market ideas. I think that some time the price of such market creation (not even entrance) will be too high and several giants will spend too much money in this technology race and shut down their core business. Right now General Motors is trying to attempt self-driving cars market, while Google and Tesla made a significant progress in this field. However, it's too early to tell that the self-driving is formed by these players, because this technology doesn't have the mass effect at the moment. Elon Musk told that he expects the first approved self-driving car will appear on the market just in 2021. Uber promises to have self-driving cars by 2030. Right now it's too early to talk about the market, but GM puts $500M into the car-sharing service Lyft. I am not sure, but I think Lyft is not a profitable business. For me it's like way too risky trying to catch the flying bird. Moreover, this bird even doesn't know where it's heading to and different regulators scientists don't know if this bird can bring benefits or damages. And as soon as I am reviewing GM as a business, I should mention that the company is not doing so good. However, Its LTM margin grew up more than twice - from 2.0% last fiscal year (2014) to 4.5% (2015). Note: fiscal year ends August 31st. The most important fact to know about GM is their CAPEX, the company spent around $20B in FY2015 and it literally killed its cash flows. Its working capital is almost $20B. According to multiples, GM seems to be slightly undervalued. To be honest, I don't think that such investment can influence the stock right now, but basically it seems that GM is a good investment opportunity at the moment. Moreover, 4.2% dividend yield is a good return.