Autos


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Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the year. As of the time of writing those gains have fallen to a smaller 2.5% gain. Turning to its results, Lyft’s revenue fell 36% to $609 million in the first qu...
Tags: Transportation, Lyft, Uber, London, Tech, Automotive, Electric Vehicles, Earnings, Toyota, Rideshare, Ride Hailing, EBITDA, U S Munich, Woven Planet Holdings, Palo Alto California Lyft, Screenshot Lyft More


The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at [email protected]
Tags: TC, Lyft, Uber, Europe, Elon Musk, UK, New York, London, Washington, Senate, Ipo, New York City, US, America, Los Angeles, Linkedin


Lyft sells self-driving unit to Toyota’s Woven Planet for $550M

Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize the technology that have occurred within the autonomous vehicle industry. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash with $200 million paid upfront....
Tags: Transportation, Lyft, London, Tech, Automotive, Toyota, Autonomous Vehicles, Las Vegas, Hyundai, Zimmer, John Zimmer, Toyota Research Institute, Palo Alto California, Motional, Higashi Fuji, Aptiv


Lyft ramps up self-driving program

A year ago, Lyft submitted a report to the California Department of Motor Vehicles that summed up its 2018 autonomous vehicle testing activity in a single, short paragraph. “Lyft Inc. did not operate any vehicles in autonomous mode on California public roads during the reporting period,” the letter read. “As such, Lyft Inc. has no autonomous mode disengagements to report.” The 2019 data tells a different story. Lyft had 19 autonomous vehicles testing on public roads in California in 2019, acc...
Tags: TC, Transportation, Lyft, Technology, London, California, Tech, AV, Palo Alto, Munich, Automotive, United States, Automation, DMV, Las Vegas, Self-driving Cars



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