Lyft, Aptiv to launch self-driving fleet in Las Vegas
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Self-driving and connected services supplier Aptiv and ride-hailing service Lyft have inked a multiyear agreement to launch a fleet of 30 autonomous vehicles in Las Vegas.
Starting Thursday, members of the public will be able to hail an Aptiv-equipped self-driving vehicle using the Lyft ride-hailing app to travel to and from "high-demand locations," Aptiv said Wednesday.
"The resulting knowledge and data will allow us to further refine our autonomous driving capabilities and strengthen our portfolio of industry-leading active safety solutions," Aptiv CEO Kevin Clark said in a statement.
Lyft and Aptiv ran self-driving cars in January at CES in Las Vegas to demonstrate the technology's capabilities.
Also on Wednesday, Aptiv reported a 40 percent gain from a year earlier in first-quarter income from continuing operations, hitting $307 million. The increase was driven by strong gains in South America.
Adjusted operating income rose 21 percent to $427 million behind "continued above-market growth" in businesses across all regions, Aptiv said in a statement.
Net revenue rose 15 percent in the quarter to $3.6 billion. Excluding special items, revenue increased 8 percent, the company reported Wednesday.
By region for the quarter, revenue grew 19 percent in South America, 9 percent in Asia, 8 percent in Europe and 6 percent in North America.
Clark said the company is acquiring KUM, a provider of connectors and cable management solutions for "harsh environment automotive application."
Aptiv expects full-year revenue of $13.9 billion to $14.4 billion.
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