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

By

Allows ride-hail company to hit profitability target earlier.

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

Sponsored Whitepapers

Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Protect APIs. Protect Your Business.
Protect APIs. Protect Your Business.
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
KnowBe4 Benchmark Report: Reducing Human Risk & Phishing Vulnerability in ANZ
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Saviynt Simplifies GRC and Access Control for SAP and Beyond
Saviynt Simplifies GRC and Access Control for SAP and Beyond

Events

Most Read Articles

SA Water plans 'once-in-a-generation' core technology uplift

SA Water plans 'once-in-a-generation' core technology uplift
TAFE NSW, NESA land tech funding in state budget

TAFE NSW, NESA land tech funding in state budget
Victoria's first government tech chief steps down

Victoria's first government tech chief steps down
Anthropic wins key US ruling on AI training in authors' copyright lawsuit

Anthropic wins key US ruling on AI training in authors' copyright lawsuit
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?