Lyft announces self-driving partnership with Magna

Lyft has been criticized for being too nice when it comes to taking advantage of Uber's recent stumbles, but there's a reason for that. Lyft has been growing the number of partnerships with other tech companies and automakers in order to not be left behind in the race to self-driving cars, which would make the company vastly more profitable. SAN FRANCISCO -- Lyft announced Wednesday that it is partnering with Magna, a Canadian automotive parts manufacturer, to develop a self-driving vehicle for its ride-hailing network. As part of the deal, Magna will invest $200 million in Lyft. "We're co-founding and co-developing a self-driving system together," said Lyft co-founder Logan Green.