Lyft’s shares soared by 20% on Thursday following a strong earnings report and a new autonomous-vehicle partnership, potentially shifting the company’s growth trajectory. Investors showed renewed confidence as Lyft announced a deal that could pave the way for future innovation and cost savings. Strong Quarterly Earnings Push Lyft Shares Upward Lyft reported better-than-expected quarterly earnings, […]
Hyundai Motors, a South Korean automotive manufacturer, and Aptiv, an Ireland-headquartered auto parts company, will establish a joint venture (JV) with an enterprise value of US$ 4 billion. The 50-50 partnership will make a production-ready autonomous driving platform available for robotaxi providers, fleet operators, and automotive producers by 2022. The JV will advance the design, […]
