A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters

Lyft to sell its autonomous driving unit to Toyota subsidiary in US$550 million deal

  • Lyft will sell the unit to Woven Planet, an extension of Toyota’s research division with a mandate to advance self-driving car technology
  • The sale comes as Lyft’s ride-hailing demand is rebounding after the pandemic slammed revenue by keeping would-be riders homebound

Topic |   Autonomous driving
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters
A sign marks a rendezvous location for Lyft and Uber users at San Diego State University in San Diego, California. Photo: Reuters
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