21 days ago • Posted by William Ramstein
Toyota taps Lyft for self-driving technology
Toyota is looking to acquire Lyft's self-driving technology unit for $550 million. This move is mainly an attempt by the large Japanese firm to put its foot in the door of American and British regions. Level 5 automation will help it expand smart-city projects and Lyft will benefit in profitability from off-loading the costly tech unit which still has to find its place in the mainstream.