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GM Stock Climbs on Lyft Partnership Expansion

NEW YORK (TheStreet) -- Shares of General Motors (GM) are gaining 1.45% to $30.09 in mid-afternoon trading on Monday as the automobile manufacturer will expand its program for renting vehicles to U.S. drivers for ride-hailing app Lyft to California and Colorado.

The Express Drive program launched earlier this year in Chicago and has since expanded to Baltimore, Washington, DC and Boston.

The companies said 30% of Lyft new driver applicants in Chicago asked for an Express Drive vehicle and the Boston program was fully subscribed in fewer than four days, the...