Toyota to buy self-driving division of U.S. ride-hailing firm Lyft Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
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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