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Briefing
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- Lyft-Magna Partnership – Ride hailing company Lyft and automotive supplier Magna announced partnership to develop self-driving technology for autonomous cars
- Level 4 to Level 5 Autonomy – Will start with Level 4 autonomy, where cars can take control in most situations, before eventually moving to Level 5, where vehicles can navigate fully without human input
- $200 Million Investment – Magna will invest $200 million in Lyft to acquire equity in company
- Platform Deployment – Technology developed can be deployed in Lyft’s ride sharing network, as well as sold to car manufacturers
- Five Billion Miles Data – Partnership will benefit from more than five billion miles of driving data per year on Lyft network
- Commercialization – Technology expected to be market-ready in few years, with no specific date disclosed
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Transportation and Logistics
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Organization
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Lyft, Magna International Inc.
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Source
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Original Publication Date
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March 14, 2018
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