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Ford, Lyft tie up on self-driving cars

Wednesday, September 27, 2017 - 01:11

The U.S. automaker says it'll deploy its self-driving vehicles on Lyft's network within four years. As Fred Katayama reports, this expands Lyft's partnerships beyond Google and GM.

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Lyft picks up yet another partner. Ford says it'll deploy its self-driving vehicles on the ride services company's network by 2021. The automaker will work with Lyft to design software so Ford's vehicles can communicate with Lyft's smartphone apps. Initially Ford will put vehicles driven by humans on Lyft's network. It didn't say when it expects to offer rides in self-driving cars. This will be part of Ford's plan to grow its mobility services business. It's testing a car sharing program as well as delivery services using self-driving vehicles. Susquehanna Financial Group analyst Matthew Stover said, "It's a step forward for Ford as they continue to develop a wider net of partners to push forward on both vehicle autonomy initiatives as well as mobility service initiatives." Lyft is offering an open platform for its self-driving vehicles. It has partnerships with Google's Waymo self-driving car unit, as well as with Ford's archrival GM, which has a 9 percent stake in Lyft. Ford's shares rising at the market open Wednesday. Its shares have badly underperformed those of GM and Fiat Chrysler this year.

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Ford, Lyft tie up on self-driving cars

Wednesday, September 27, 2017 - 01:11