Toyota acquires Lyft's self-driving unit for $500 million

Toyota acquires Lyft's self-driving unit for $500 million

3 months ago
Anonymous $4BDEsVAtYS

https://apnews.com/f8be411ead65981dfacd68765b463800

TOKYO (AP) — Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the Japanese automaker’s ambitions in that technology.

The acquisition, announced Tuesday, was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment in projects such as “smart cities,” robotics and automated driving.