Lyft sells self-driving tech unit to Toyota for $550 million, moves up profit timeline

Lyft sells self-driving tech unit to Toyota for $550 million, moves up profit timeline

3 years ago
Anonymous $4BDEsVAtYS

https://www.reuters.com/article/us-lyft-toyota-autonomous/lyft-sells-self-driving-tech-unit-to-toyota-for-550-million-moves-up-profit-timeline-idUSKBN2CD2IV

Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target one quarter earlier.