Toyota to buy Lyft unit in boost to self-driving plans
By Tina Bellon and Eimi Yamamitsu
Reuters
AUSTIN, Texas/TOKYO (Reuters) -Toyota Motor Corp will acquire Lyft Inc s 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.
The acquisition of Level 5 automation will also provide Toyota access to the U.S. ride-hailing firm s more than 300 employees of the essentially complete autonomy technology. This is the first step of establishing and bringing together the people. Obviously building technology and product requires people, and that s much what this acquisition is about, Woven Planet chief executive James Kuffner told reporters on Tuesday.
Toyota buying Lyft s self-driving technology unit for $550-million
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Roundup: Tokyo stocks close sharply lower on concerns over emergency virus declarations - World News
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2021-04-14 12:35:38 GMT2021-04-14 20:35:38(Beijing Time) Xinhua English
TOKYO, April 14 (Xinhua) Tokyo stocks closed lower Wednesday as buying was impacted by the yen s strength against the U.S. dollar and concerns over Johnson & Johnson s coronavirus vaccine after it was paused by U.S. health authorities due to instances of blood clots.
The 225-issue Nikkei Stock Average dropped 130.62 points, or 0.44 percent, from Tuesday to close the day at 29,620.99.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 6.37 points, or 0.33 percent, to finish at 1,952.18.
After inheriting a weak lead from some U.S. shares losing ground overnight, a circumspect mood grew in Tokyo trading owing to domestic COVID-19 cases continuing to increase, with the western prefecture of Osaka recording a record number of new infections for a second-straight day, traders here said.