TOYOTO TO ACQUIRE LYFT’S SELF DRIVING DIVISION FOR $550 MILLION

Highlights –

• Toyota to acquire Lyft’s self-driving division for $550 million.
• Toyota will make the purchase via its unit engaging in software developments Woven Planet Holdings Inc.
• Toyota is also working with Aurora Innovation Inc. to develop self-driving cars.
• The Japanese government also plans to push for the development of self-driving cars.

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