Jun 6, 2018

General Motors president leaves Lyft's board

General Motors president Dan Ammann. Photo: Julien de Rosa/IP3/Getty Images

General Motors president Dan Ammann is leaving Lyft's board of directors.

Why it matters: This is the latest sign that the two companies' relationship has deteriorated since GM invested $500 million into Lyft in January 2016.

  • Ammann will be replaced on Lyft's board by by former Frontier Communications CEO Maggie Wilderotter, who was selected by GM but who will serve as an independent director.
  • Wilderotter also serves on the boards of Costco Wholesale Corporation, HP Enterprise, Cadence Design Systems, and DocuSign.

The announcement comes just days after GM announced that SoftBank — an investor in Lyft rival Uber — is investing up to $2.25 billion into GM's self-driving car unit, Cruise. During a conference call, Ammann said that SoftBank's relationships give GM "enhanced flexibility," which we suggested "might send a chill through Lyft."

A source close to the situation says that "the paperwork was done" on Ammann leaving the GM board at the time of the SoftBank announcement.

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U.S. cities crack down on protesters

The scene near the 5th police precinct during a demonstration calling for justice for George Floyd in Minneapolis on Saturday. Photo: Kerem Yucel/AFP via Getty Images

Major U.S. cities have implemented curfews and called on National Guard to mobilize as thousands of demonstrators gather across the nation to continue protesting the death of George Floyd.

The state of play: Hundreds have already been arrested as tensions continue to rise between protesters and local governments. Protesters are setting police cars on fire as freeways remain blocked and windows are shattered, per the Washington Post. Law enforcement officials are using tear gas and rubber bullets to try to disperse crowds and send protesters home.

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George Floyd protests: What you need to know

Photo: David Dee Delgado/Getty Images

Clashes erupted between law enforcement and protesters in several major U.S. cities Saturday night as demonstrations over the death of George Floyd and other police-related killings of black men spread across the country.

The big picture: Floyd's death in Minneapolis police custody is the latest reminder of the disparities between black and white communities in the U.S. and comes as African Americans grapple with higher death rates from the coronavirus and higher unemployment from trying to stem its spread.

Updated 3 hours ago - Politics & Policy

In photos: Protesters and police clash nationwide over George Floyd

A firework explodes behind a line of police officers next to the Colorado State Capitol during a protest over the death of George Floyd in Denver on May 30. Photo : Michael Ciaglo/Getty Images

Police used tear gas, rubber bullets and pepper spray as the protests sparked by the killing of George Floyd continued nationwide into early Sunday.

The big picture: Police responded over the weekend with force, in cities ranging from Salt Lake City to Atlanta to Des Moines, Houston to Detroit, Milwaukee to Washington, D.C., Denver and Louisville. Large crowds gathered in Minneapolis on Saturday for the fifth day in a row.