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Toyota to buy self-driving division of U.S. ride-hailing firm Lyft Sorry, but your browser needs Javascript to use this site. If you're not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ A sign for Lyft's ride-hailing service is displayed at Los Angeles International Airport. | REUTERS Kyodo, Bloomberg Apr 27, 2021 Toyota Motor Corp. said Tuesday it had agreed with ride-hailing firm Lyft Inc. to acquire the U.S. firm’s self-driving division for $550 million, aiming to accelerate its development of autonomous driving technologies. The pu...

Toyota acquires Lyft's self-driving unit for $500 million The acquisition was carried out by Woven Planet Holdings, a Toyota subsidiary that began business in January and focuses on innovations and investment. Author: YURI KAGEYAMA AP Business Writer Published: 4:23 AM EDT April 27, 2021 Updated: 4:23 AM EDT April 27, 2021 TOKYO, Japan — Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for $500 million, in a move that underlines the Japanese automaker’s ambitions in that technology. The acquisi...

April 27, 2021 Share 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 automaker’s ambitions in that technology. 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 “smart cities,” robotics and automated driving. Of the payment, $200 million will be paid upfront, and $350 million over a five-year period, according to Toyota. The Woven Planet...

Toyota's Woven Planet snaps up Lyft's self-driving cars unit for $550 million CNN 1 hr ago By Michelle Toh, CNN Business © Al Seib/Los Angeles Times/Getty Images LAX AIRPORT, CA - AUGUST 20: Passengers connect with drivers at the Rideshare Lot at LAX as Uber and Lyft drivers held a moving rally as part of a statewide day of action to demand that both ride-hailing companies follow California law and grant drivers basic employee rights and to denounce the corporations efforts to avoid their responsibilities to workers. Uber and Lyft threatened to suspend services in Cal...

(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...