Lyft to sell autonomous driving unit to Toyota for $550 million

Washington:  US ride-hailing service Lyft agreed to sell its autonomous driving division to a unit of Japan’s Toyota for $550 million, the companies said Monday. The move follows a similar divestment from Uber last year, with ride-sharing firms focusing on core operations as they struggle during the coronavirus pandemic. The Lyft operation known as Level […]

France to help 15,000 auto workers threatened by shift to EVs

France unveiled a 50 million-euro ($60.5 million) fund to retrain workers making cast-metal auto parts whose jobs are at risk as the industry shifts to electric vehicles. “The situation of French foundries is worrying,” French Finance Minister Bruno Le Maire said Monday at a press conference. “Our production is too small, too scattered, and the […]