Tell me who your friends are, and I will tell you who you are
Volkswagen (VW) just poured $300 million into Gett, an Uber-like service that’s popular in Europe. VW is the latest auto company to form an alliance with a ride-hailing company. Other strategic alliances include General Motors and Lyft, Apple and Didi Chuxing, and the in-the-works partnership between Toyota and Uber. Bottom Line: a foundation for a viable on-demand autonomous car operation that will eventually impact the insurance industry.