Lyft sells Level 5 to Toyota
Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million https://techcrunch.com/2021/04/26/lyft-sells-self-driving-unit-to-toyotas-woven-planet-for-550m/
Lyft sells self-driving unit to Toyota’s Woven Planet for $550M – TechCrunch
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Lyft gfdgkxaaa Apr 26, 2021
Good for Lyft. Losses are less now.
RBC BigNIntern Apr 26, 2021
Did you guys make a profit on this sale?
NVIDIA dhdjdndnx Apr 26, 2021
What does this mean for the employees that work on it? Do they get much out of it?
Lyft lyft82 Apr 26, 2021
They become Toyota employees in the long-term. Not in l5 so not aware of comp change details.
Cruise gxix85 Apr 26, 2021
How does Lyft AV’s fit in Toyota? I thought Toyota already has TRI that works on autonomous 🚗
Toyota xLtw31 Apr 27, 2021
TRI doesn’t focus as much on autonomous - more on driver assist and robotics
Wow that's cheap
Ikr not even a billion dollars
Uber had to pay 400 million dollars to get rid of it's self driving division.