Gearhead News

April 27, 2021
Toyota just bought Lyft's self-driving car division for $550M

Woven 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… [#item_URL]