Lyft Autonomous News Today

Insider considered more than 100 people for this year's list of Power Players in the self-driving-car industry. Here are the 31 leaders we selected.

Assembly Ventures with offices in Detroit and Berlin today announced six new operator advisors to its enterprise.

Operator Good afternoon and welcome to the Lyft First Quarter 2021 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the conference over to Sonya Banerjee, Head of Investor Relations. You may begin. Sonya Banerjee -- Head of Investor Relations Thank you. Good afternoon and welcome to the Lyft earnings call for the quarter ended March 31, 2021. Joining me today to discuss Lyfts results and key business initiatives are our Co-F...

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter — @kirstenkorosec. Micromobbin’ JOCO, a new d...

Toyota Set to Acquire Lyfts Self-Driving Division as Part of $550 Million Deal Eleonor Segura,Manufacturer © Manufacturer 2021 Toyota Corolla Hybrid Toyota Motor Corporation is acquiring Lyfts self-driving vehicle division in a $550 million deal through its subsidiary Woven Planet, a company dedicated to developing autonomous driving and advanced mobility technologies. The acquisition of Lyfts Level 5 automation will also include multiyear non-exclusive commercial agreements ...

Chris Davies - Apr 26, 2021, 3:33pm CDT Lyft is selling its autonomous vehicle division to Toyota, with the Japanese automaker setting up a new subsidiary, Woven Planet Holdings, to pick up the reins of the self-driving car project. Lyft established Level 5, its driverless division, back in mid-2017, and at the time had no shortage of promises for what autonomy would bring to the ride-hailing service. The Lyft Open Platform Initiative, the company promised, would develop a co...

Lyft sells self-driving unit to Toyota’s Woven Planet for $550M Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash, wi...