Toyota snaps up Lyft's self-driving cars unit for $550 million
CNN
Toyota is hitting the gas to achieve its self-driving goals by buying Lyft's autonomous vehicle business for over half a billion dollars.
The two players announced the $550 million acquisition on Tuesday, saying that it would allow them to create a "dream team" of about 1,200 researchers and engineers around the world. The combined unit will live under Woven Planet, a newly formed subsidiary launched by Toyota (TM) in January. That business is dedicated to investing in futuristic technologies, including automated driving, smart cities and robotics.More Related News
The Republican-led House Select Subcommittee on the Coronavirus Pandemic on Thursday morning will send a letter to US Attorney General Merrick Garland referring a potential criminal case involving former New York Democratic Gov. Andrew Cuomo to the Department of Justice, alleging he lied to Congress.