Toyota is buying Lyft’s autonomous car division for $550 million
Lyft is selling its autonomous vehicle division to a subsidiary of Toyota – the latest in a series of acquisitions that is seeing the world of self-driving cars grow increasingly smaller. Woven Planet Holdings, a subsidiary of Toyota, will acquire Lyft’s self-driving division, Level 5, for $550 million in cash – $200 million of which was provided to Lyft up front.
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The Road To Autonomy Podcast
The Road to Autonomy: Doing Good In The World on Apple Podcasts
Jody Kelman, Director of Product Management, Self-Driving Platform, Lyft joins Grayson Brulte on The Road To Autonomy Podcast to discuss why self-driving cars are creating a better world.