Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million. Lyft will receive $550 million in cash, with $200 million paid upfront. $350 million will be made in payments over five years. 300 people from Lyft Level 5 team will be integrated into Woven Planet. Lyft will save ...
Read moreLyft Selling Self-Driving Unit to Toyota
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