Auto Parts Supplier Magna Invests $200 Million In Lyft

Autonomous Vehicles

Published on March 16th, 2018 | by James Ayre


March 16th, 2018 by  

In another sign of the way that the auto industry is now shifting away from auto manufacturer dominance and towards parts suppliers, battery suppliers, and on-demand taxi service operators, the auto parts supplier Magna has now reportedly invested $200 million into Lyft.

In relation to this new investment, Magna execs have revealed that the firm will be working with Lyft to manufacture custom-designed self-driving cars, reportedly.

As we reported recently, many institutional investors are now shifting away from auto manufacturers themselves and towards parts and battery suppliers, owing to the expectation that such firms will be the big

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