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Tuesday, April 27, 2021

Toyota just bought Lyft's self-driving car division for $550M

LyftWoven Planet, a mobility and technology company wholly owned by Toyota, on Tuesday entered an agreement to purchase Level 5, the self-driving car division of ride-hailing company Lyft. The deal, which is expected to close by the third quarter of 2021, is valued at $550 million and will see Lyft receive $200 million up front and the remainder paid...

from Motor Authority https://ift.tt/3xrh0nQ

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