Business Standard

Lyft, Magna International team up for self-driving car system

The companies said they will work together to introduce autonomous vehicles to Lyft's ride-hailing network

cabs, taxis, cars
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Daisuke Wakabayashi | NYT San Francisco
The ride-hailing service Lyft has agreed to alliances with just about anyone working on driverless car technology. Its latest partnership aims to make its autonomous vehicle technology available to any car manufacturer. Lyft said Wednesday it had reached a deal with Magna Internation-al, one of the world’s biggest auto suppliers, to jointly develop and manufacture self-driving car systems.
 
The companies said they will work together to introduce autonomous vehicles to Lyft’s ride-hailing network. At the same time, Magna can sell the driverless-car technology to any customer — including other technology companies.
 
Magna also said it would invest $200

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