Lyft and Magna Come Together for Self-Driving Tech
The melding of Silicon Valley and the traditional automotive industry continues. Ride-hailing service Lyft and Magna International, one of the largest automotive suppliers in the world, said they’re embarking on a long-term collaboration to build self-driving systems capable of operating without any input or oversight from human drivers. Magna will invest $200 million in Lyft as part of the arrangement. Lyft’s engineers will lead the joint development of the system at the self-driving research-and-development center the company formed last ...
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