Lyft to sell autonomous-driving unit in $550-million Toyota deal

Home > Business
By Jozef in Business
Updated 3 years ago

Lyft Inc. has agreed to sell its self-driving division to a subsidiary of Toyota Motor Corp., joining Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing the ride-hailing industry. The deal is worth $550 million and will enable...

lyft-to-sell-autonomous-driving-unit-in-550-million-toyota-deal