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

5 monthes ago   |   By

Laura Buckman/Reuters
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...
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