Page 5 - George Kellerman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

In this November 2, 2020, file photo, visitors walk at a Toyota showroom in Tokyo. 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, announced Tuesday, April 27, 2021. (AP Photo/Koji Sasahara, File) Toyota Motor Corp. has acquired the self-driving division of American ride-hailing company Lyft for US$550 million, in a move that highlights the Japanese automaker’s ambitions in that technology. The acquisition, announced Tuesday, was carried out by...

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 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 project will bring...

Toyota subsidiary buys Lyft’s self-driving unit for $550 million The sale comes as Lyft’s ride-hailing demand is rebounding after the pandemic slammed revenue by keeping would-be riders homebound. A Lyft car makes its way on a San Antonio street with the signature pink mustache. A Toyota Motor Corp. subsidiary has agreed to buy Lyft Inc.’s self-driving division, as Lyft joins Uber Technologies Inc. in stepping back from the costly driverless vehicle research once thought to be on the verge of revolutionizing ride-hailing. The deal is worth $550 million and will allow Lyft to turn an ad...

So, let me preempt this by saying that there are plenty of robotics verticals worth getting excited about. But at the moment, everyone sure seems focused on warehouse fulfillment. It’s understandable, of course. Right now, it’s Amazon versus the world, and the retail giant certainly has a leg up on much of the world on the robotics front — questions around human labor are a different conversation entirely (though that’s also one I’m happy to have). I’ve spoken to a number of executives at top fulfillment robotics companies, and the message is pretty much the same across the board:...

Toyota's Woven Planet holds $800 million for investment in new tech Print TOKYO -- Woven Planet, Toyota's high-tech spinoff, has established a $800 million investment fund to cherry pick up-and-coming technology companies around the world. The fund, named Woven Capital, was outlined Jan. 29 in a kickoff event for the Woven Planet venture that included an overview of the new company's upcoming products and strategies. Among the announcements was the Feb. 23 groundbreaking for its Woven City town of tomorrow. James Kuffner, the American CEO of Woven Capital and a director at Toyota Motor, outli...