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Toyota acquires Lyft self-governing unit for $ 550 million

TOKYO (AP) – Toyota Motor Corp. has acquired a self-governing unit of the American parking company Lyft for $ 550 million, which means the ambitions of the Japanese automaker in this technology.

The acquisition, announced on Tuesday, was made by Woven Planet Holdings, a Toyota subsidiary that started in January with a focus on innovations such as smart cities, robotics and automated fraud.

$ 200 million of the payment will be paid in advance, and $ 350 million over five years, according to Toyota.

The Woven Planet project will be launched by engine engineers, software և sensor assets և automation control engineers և researchers to further develop the technology, according to Toyota.

“This deal will be key to bringing people, resources and infrastructure together to help us transform the world we live in through mobility technologies that can lead to a happier, safer future for all of us,” said James Ames, CEO of Woven Planet. Cafes

Woven Planet և Lyft signed commercial agreements to use Lyft և fleet data to accelerate the commercialization of technology.

Toyota also said that the deal would mean that Woven Planet would be located in Tokyo, Palo Alto, California and London.

The center of the woven planet is Woven City, which recently held a groundbreaking ceremony in ground aponia to build a community showcasing smart homes, autonomous vehicles, other mobility products for Toyota employees, and other people.

“The woven planet is on track to combine the innovative Silicon Valley culture with world-renowned Japanese crafts to create mobility solutions for the future,” said Kohl Kellerman, who oversees investments in Woven Planet.

All the world’s leading carmakers are working on technology to make vehicles smarter, cleaner and more connected. Founded in 2012, Lyft offers a walk-through rental network.

Also on Tuesday, Toyota announced that it will be working with Japanese Suzuki Motor Corp. with automakers that make small cars, Subaru Corp., Daihatsu Motor Co. և Mazda Motor Corp. on a new generation of transport communication devices.

Despite the economic damage of the coronavirus epidemic, Toyota is relatively resilient, continuing to invest in clean emissions technology, including electric cars, fuel cells, hybrids, robotics and other innovations.

But the advent of such technology is a challenge for older employees, such as Toyota, as newcomers can become leaders in a whole new game.

“Who will be the economic winner of all this?” “Car companies around the world are tightening their belts for impending failures,” Daniel Igin, IHS Markit Vice President, wrote in a recent comment.

Toyota is renaming itself a “mobility company”. Volkswagen goes even further, now counting itself as “software mobility provider”. But the big beneficiaries may be companies that do not yet exist. ”

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Yuri Kageyama is on Twitter: https://twitter.com/yurikageyama

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