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.

Most Read Articles

Log In

  |  Forgot your password?