Magna, Lyft to jointly fund, develop, and manufacture self-driving systems

News
Circular Economy & Remanufacturing

Canadian supplier also agrees to make equity investment of USD200 million in Lyft

Magna has entered a multi-year collaboration with US-based ride-sharing service provider Lyft to jointly fund, develop and manufacture self-driving systems, the leading Canadian supplier said in a press release on 14 March.

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