media
details
Lyft Inc. expects customers will be able to use its app to hail cars without drivers starting in 2023, the company said Wednesday.
The self-driving rides will be powered by Motional Inc., an autonomous driving joint venture between Hyundai Motor Group and Aptiv Plc.
The announcement comes the week after Lyft’s larger rival, Uber Technologies Inc., sold its self-driving car unit to startup Aurora Innovation Inc., cutting loose the ambitious, but money-losing division as it focuses on turning a quarterly adjusted profit by the end of next year.
“We’ve come up with a business model that’s profitable at scale for both companies,” said Raj Kapoor, Lyft’s chief strategy officer and head of its self-driving efforts.
The companies did not disclose financial details of the project and declined to say which cities are slated for 2023 rollout.
Commenting is limited to those invited by others in the community
Login to continue or learn more.
No comments yet.