Auto Parts Maker Magna Invests $200 Million in Lyft

Auto Parts Maker Magna Invests 0 Million in Lyft

Canadian automotive parts supplier Magna International Inc said on Wednesday it will invest $200 million in Lyft Inc and work with the U.S. ride-hailing firm to manufacture self-driving cars. The news comes three months after San Francisco-based Lyft made its international debut in Toronto, taking on much bigger rival Uber Technologies Inc, which has been … Read more

The post Auto Parts Maker Magna Invests $200 Million in Lyft appeared first on National Oil & Lube News.

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