Lyft bags $200m from leading auto supplier Magna, strikes self-driving deal

Lyft bags $200m from leading auto supplier Magna, strikes self-driving deal

An illuminated Lyft Inc. sign is seen on the dashboard of a ride share vehicle at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., on Monday, Nov. 13, 2017. Lyft Inc. has gained significant ground on its rival, Uber Technologies Inc., and is expected to grab more market share in the U.S., according to a private Lyft investor document obtained by Bloomberg. Photographer: Patrick T. Fallon/Bloomberg

Lyft Inc. has struck a multimillion-dollar partnership with North America’s biggest automotive supplier to together fund and develop the systems needed to make self-driving vehicles a reality.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter