Lyft is selling its autonomous vehicle division to Toyota
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Fewer than six months after Uber offloaded its self-driving tech development unit, Lyft is ditching its own too.
Lyft is selling its self-driving unit to Woven Planet, a subsidiary of Toyota, in a cash deal worth US$550 million, both companies announced on Monday afternoon.
The deal, which constitutes US$200 million upfront and the rest over the next five years,…
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