Financial Daily Dose 4.27.2021 | Top Story: Lyft Sells Its Level 5 Self-Driving Car Unit to Toyota for $550M
By EsqSocial Corporation 27/04/21
Lyft is letting go of its self-driving car unit, Level 5—reaching a deal with Toyota’s Woven Planet subsidiary for $200M, with an additional $350M in payments over the next 5 years. Lyft revealed that “unloading Level 5 would cut about $100 million in annual expenses ......
By: Robins Kaplan LLP