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Toyota to buy self-driving division of U.S. ride-hailing firm Lyft


Toyota to buy self-driving division of U.S. ride-hailing firm Lyft
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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 purchase via Woven Planet Holdings Inc., a Toyota unit engaging in software development, will equip the Japanese automaker with development bases in California and London in addition to Tokyo. ....

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