Lyft sells self-driving unit to Toyota’s Woven Planet for $550M
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology.
Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash, with $200 million paid upfront. The remaining $350 million will be made in payments over five years. About 300 people from Lyft Level 5 will be integrated into Woven Planet. The Level 5 team, which in early 2020 numbered more than 400 people in the U.S., Munich and London, will continue to operate out of its office in Palo Alto, California.
Kaikki koronaviruksesta: Aamulehden koronaseuranta 26 4 alkaen - Koronainfo
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La Jornada - Toyota Motor emprende acciones sustentables en pro de la Tierra
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Akio Toyoda Named 2021 World Car Person of the Year
Photo: Toyota
A panel of 93 international automotive journalists have named Akio Toyoda, president and CEO of the Toyota Motor Corporation, the 2021 World Car Person of the Year.
Toyoda, grandson of Toyota founder Kiichiro Toyoda, joined the company in 1984 after obtaining a law degree at Keio University in Japan and a master’s degree in business administration at Babson College in the United States. He served in various areas of his family business before becoming a member of the TMC board of directors in 2000. He then held a number of senior and executive roles until 2009, when he became president.
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Hydrogen is the new buzzword in every industry, and real estate is no exception. Hydrogen does not emit carbon dioxide when burnt and could therefore help reduce the climate impact of buildings, which in aggregate represent one of the biggest emitters of greenhouse gases after industry and surface transport. To the extent that hydrogen is to become an important power source globally, it will need to enter the domestic power market. The first step appears to be the development of pilot villages.
In the UK, there are several hydrogen trials in uninhabited properties or in closed private networks. There are some uninhabited houses on a Royal Air Force base in Cumbria that are exclusively heated with hydrogen and also a private gas network at Keele University which uses 20 percent hydrogen blended with natural gas. In addition, there is a small village near Newcastle that is being used as a test case: for a period of 10 month