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German technology giant Bosch is expected to preview several cutting-edge safety innovations at the Consume...

Lyft Lyft is selling its autonomous business unit to Toyota's 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, selling its autonomous vehicle research division named Level 5 to Toyota subsidiary Woven Planet. ...

Lyft has sold its autonomous business unit to a Toyota subsidiary in a drive to cut costs that ran upwards of $100 million per year.

(0) $550 Million Deal Unites Talent, Technology and Geographies to Propel the Industry Forward TOKYO, Apr 27, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, has agreed to acquire Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world. This marks the first major deal for the newly established Woven Planet. The deal will bring together world-class scientists and software engineers from Level 5, Woven Planet, and researchers from Toyota Research Institute, Inc. ("TRI") already workin...