Page 6 - James Kuffner News Today

Toyota Subsidiary Woven Acquires Lyft Autonomous Division Toyota’s Woven Planet Holdings has acquired Level 5, Lyft’s self-driving unit. Woven Planet’s deal brings scientists, software engineers, and researchers together as one. The company is growing beyond its headquarters in Tokyo to include teams in Palo Alto, California, and London, UK. Besides Level 5, Lyft agreed to the use of their data to fast track the autonomous technology Woven Planet is developing. Lyft’s vast system and fl...

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A look inside the Tokyo headquarters of Woven Planet, which aims to speed up recruitment. TOKYO — Toyota showed last week that it takes cash and chutzpah to be as big in software as it is in hardware. Less than four months after being founded, Toyotas newly minted automated-driving subsidiary Woven Planet splashed more than a half-billion dollars to turbocharge its plans by buying the autonomous-driving division of American ride- hailing company Lyft. And Woven Planet CEO James Kuffner told ...

As electric vehicle and onboard computer systems continue to progress in capabilities, so too does the technology for self-driving. There have been a number of technology and automotive giants invested in automated driving development already, but with a recent deal between Toyota and Lyft, the former will take an expanded step in the self-driving field. Toyota is closing in on a deal to acquire Lyft’s self-driving technology department to the tune of $550 million. The unit will be absorbed i...

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Wednesday, April 28, 2021 1:00 am Toyota acquires Lyfts self-driving division YURI KAGEYAMA | Associated Press TOKYO – Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $550 million, in a move that highlights the Japanese automakers ambitions in that tech. 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...

Toyota pays $550 million for self-driving unit of Lyft PUBLISHED BY Toyota Motor Corp. has bought the self-driving division of ride-hailing company Lyft for $550 million in a move that reflects the ambitions of Toyota to expand into mobility technology. The autonomous driven or robot taxis were supposed to be a reality by 2025, but things have not panned out well for companies that invested in building them. Just recently, Uber sold off its self-driving unit to Aurora for $400 million. The Ly...

US ride hailing service Lyft agreed to sell its autonomous driving division to a unit of Japan's Toyota for $550 million, the companies said on April 26. The move follows a similar divestment from Uber last year as the rideshare firms focus on core operations amid struggles during the yearlong coronavirus pandemic.

Toyota Motor Corp (7203.T) will acquire Lyft Inc's (LYFT.O) self-driving technology unit for $550 million, the companies said, as the Japanese firm steps up its automation ambitions with the newly created Woven Planet division.

Lyft Lyft is selling its autonomous business unit to Toyotas Woven Planet, which is a research and investment arm focusing on smart cities and connected cars. Level 5 had been costing the ride-hailing service some $100 million a year, with robotaxis still far on the horizon. Uber recently sold its autonomous research unit as well, signaling that self-driving cars are further in the future than hoped. Just months after Uber parted with its ATG self-driving business unit, Lyft is doing the same,...