Thursday, March 28, 2024

Toyota gets $550-million self-driving Lyft

Lyft Inc. will sell its self-driving technology unit to Toyota Motor Corp. for $550 million, Reuters reported today. Lyft will receive $200 million cash upfront for Level 5, with the remaining $350 million paid over five years, the companies said. The deal marks Toyota’s latest foray into ride hailing at a time of growing consolidation in the capital-intensive self-driving industry. Toyota said in February it would develop and build autonomous minivans for ride-hailing networks with Aurora and longtime supplier partner Denso Corp.

 

https://ca.news.yahoo.com/lyft-sells-self-driving-tech-201012851.html

BIG Media
BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.
spot_img

BIG Wrap

Trump’s social media company soars in Wall Street debut

(Al Jazeera Media Network) Shares of former U.S. president Donald Trump’s social media company soared by as much as 59 percent on the first...

Palestinians are dying in aid airdrops, says Gaza Civil Defense

(Al Jazeera Media Network) At least 18 Palestinians have died trying to recover airdropped aid in Gaza, according to Palestinian officials. Mahmoud Bassel, a spokesperson...