Lyft to sell autonomous driving unit for $550 million to Toyota

📆 27/04/2021 1:20 pm
📰 ANCALERTS

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 50%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

The Lyft operations known as Level 5 will be folded into Woven Planet Holdings, a subsidiary of Toyota Motor Corporation, which will create a team of some 1,200 working on self-driving technology in Japan, the United States and Britain

WASHINGTON - US ride hailing service Lyft agreed to sell its autonomous driving division to a unit of Japan's Toyota for $550 million, the companies said Monday.

"This acquisition advances our mission to develop the safest mobility in the world at scale," said Woven Planet chief executive James Kuffner.

Source: Car News Wire (carnewswire.net)

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Philippines Latest News, Philippines Headlines