• Lyft Partners With Magna To Turbocharge Race For Robot Car Mobility Service

    6 monthes ago - By Forbes

    The rideshare company is intensifying its focus on creating proprietary self-driving technology with a goal of creating a fully automated ride service. The new partnership also includes a $200 million investment from Canada-based Magna.
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  • Lyft is teaming up with automotive industry giant Magna to develop self-driving cars - and getting a $200 million investment

    Lyft is teaming up with automotive industry giant Magna to develop self-driving cars - and getting a $200 million investment

    6 monthes ago - By Business Insider

    Lyft on Wednesday announced a partnership with automotive components supplier Magna to develop self-driving car technology.
    As part of the deal, Magna is investing $200 million in Lyft.
    Magna is just one of several companies with which Lyft is working on autonomous vehicles.
    Lyft has a big new partner in its effort to developer self-driving cars - Magna, one of the automotive industry's top-tier component manufacturers.
    The companies announced Wednesday they are working together to speed the deployment of autonomous vehicles on Lyft's network. Lyft will lead the development of the...
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  • Lyft is teaming up with automotive industry giant Magna to develop self-driving cars - and getting a $200 million investment

    Lyft is teaming up with automotive industry giant Magna to develop self-driving cars - and getting a $200 million investment

    6 monthes ago - By Business Insider

    Lyft on Wednesday announced a partnership with automotive components supplier Magna to develop self-driving car technology.
    As part of the deal, Magna is investing $200 million in Lyft.
    Magna is just one of several companies with which Lyft is working on autonomous vehicles.
    Lyft has a big new partner in its effort to developer self-driving cars - Magna, one of the automotive industry's top-tier component manufacturers.
    The companies announced Wednesday they are working together to speed the deployment of autonomous vehicles on Lyft's network. Lyft will lead the development of the...
    Read more ...

     

  • Lyft partners with auto-supplier Magna to scale self-driving car business

    6 monthes ago - By Fast Company

    On Wednesday, Lyft announced a partnership with auto-parts supplier Magna to develop a self-driving car system. As part of the deal, Magna will invest $200 million into Lyft, tagging on to the ride-hailing company's $1.7 billion recent funding round. Magna is a top North American car parts supplier. The company's executives say that it sells...
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  • Lyft, auto parts maker Magna partner on autonomous vehicles

    6 monthes ago - By Chron

    DETROIT - Ride-hailing company Lyft is joining with large Canadian auto parts supplier Magna to develop self-driving vehicles, sharing expenses on a multi-year project that could vault them onto the leader board in autonomous technology.
    The companies announced the partnership Wednesday and also said that Magna would invest $200 million in Lyft.
    Raj Kapoor, Lyft's chief strategy officer, says Lyft needs auto industry expertise to manufacture autonomous vehicle components and eventually build the vehicles. Automakers know how to design vehicles so they meet safety regulations and can be...
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  • Lyft is building a self-driving platform with auto supplier Magna

    6 monthes ago - By Tech Crunch

    Lyft is partnering with Magna, one of the largest tier one automotive industry suppliers in the world, on autonomous vehicle technology. Lyft CEO and co-founder Logan Green explained that this will help them get their self-driving tech into various automaker vehicles around the world. Lyft will be working directly with Magna on “co-developing” an autonomous driving system, with collaborative teams from both companies working on the project.
    Magna is also investing $200 million in Lyft in exchange for an equity stake. The goal is to build not only autonomy into production vehicles, but also...
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