Lyft sells self-driving tech unit to Toyota for $706m

By on
Lyft sells self-driving tech unit to Toyota for $706m

Allows ride-hail company to hit profitability target earlier.

Lyft will sell its self-driving technology unit to Toyota in a US$550 million (A$706 million) deal, allowing the ride-hail company to hit its profitability target one quarter earlier. The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
car lyft selfdriving software toyota

Sponsored Whitepapers

Customer Identity and Access Management for Dummies
Customer Identity and Access Management for Dummies
Empowering workforces in the new environment
Empowering workforces in the new environment
Is the technology refresh dead?
Is the technology refresh dead?
DevSecOps: A framework for digital innovation
DevSecOps: A framework for digital innovation
Encryption: Protect your most critical data
Encryption: Protect your most critical data

Events

Most Read Articles

NBN Co already wants to upgrade some FTTC users to full fibre

NBN Co already wants to upgrade some FTTC users to full fibre
John Holland breaks first ground on three-year digital transformation

John Holland breaks first ground on three-year digital transformation
NBN subcontractors join nationwide protest

NBN subcontractors join nationwide protest
Starlink satellite internet service gets 500,000 preorders

Starlink satellite internet service gets 500,000 preorders

Log In

Email:
Password:
  |  Forgot your password?