Lyft will build self-driving cars with top auto parts supplier Magna

Lyft is teaming up with Magna, a major automotive supplier, to build and deploy self-driving cars. It’s another example of the ride-hailing company hedging its bets by partnering with a wide array of automakers, suppliers, and tech startups as it seeks to make autonomous vehicles available on its app-based platform.

Magna, a Tier 1 auto parts producer, will be investing $200 million in Lyft as the two companies embark on a multi-year partnership to develop self-driving systems that can be manufactured at scale, executives announced today. The autonomous vehicles that Lyft and Magna will be working together to build will be Level 4, meaning they will be able to operate without any human intervention within the car’s normal operating…

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Andrew J. Hawkins
https://www.theverge.com/2018/3/14/17121186/lyft-magna-self-driving-car-announcement

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