Managing Automotive

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Managing Automotive

Jaguar forms self-driving, car rental pact with Lyft

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Jaguar forms self-driving, car rental pact with Lyft

Lyft Inc. is expanding its roster of automotive partners as the second-largest U.S. ride-hailing company tries to capitalize on missteps by Uber Technologies Inc. Jaguar Land Rover said it’s working with Lyft on autonomous-driving technology and will offer vehicles for rent to the San Francisco-based startup’s drivers. The automaker, which is a subsidiary of Tata Motors Ltd., also disclosed an investment of $25 million in Lyft as part of a funding round that closed earlier, valuing the business at $7.5 billion.

[The Detroit News]

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