Autos


Posts filtered by tags: Woven Planet Holdings[x]


 

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



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