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Lyft to Develop Self-Driving Car Technology

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News video: Lyft to Develop Self-Driving Car Technology

On Wednesday, ride-sharing service Lyft announced a partnership with automotive components supplier Magna to develop self-driving car technology.

In addition to the new deal, Magna will also reportedly invest $200 million in Lyft.

In a statement, Lyft says it will lead the development of the autonomous vehicle systems, while Magna will head up manufacturing of the parts.

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Lyft to Develop Self-Driving Car Technology

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17, 2013, FILE PHOTO MONDAY, MAY 16, 2016, FILE PHOTO SPCL THIS IMAGE HAS BEEN TAKEN BY AP IMAGES FOR LYFT A JAN.

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