Lyft Avoids Scrutiny Spotlight and Pushes Forward
It has been difficult to avoid hearing about the latest Uber scandal this year. Since the calendar flipped to 2017, the polarizing company was smacked by a series of scandals that dealt with anything from sexual harassment and discrimination to questionable business practices. Then, under heavy pressure from major investors, Travis Kalanick stepped down as chief executive of Uber.
Meanwhile, Uber's chief ride-hailing rival Lyft has managed to avoid scrutiny and is preparing to push forward with a big project.
For those unable to keep up with the overwhelming and constantly evolving autonomous vehicle information, Level 5 is a reference to the development stage of autonomy where humans are no longer necessary to drive the car -- the driverless car endgame. "Level 5" will also be the name of Lyft's soon-to-be 50,000 sq. ft. self-driving vehicle development facility based in Palo Alto, California, with as many as several hundred employees by the end of 2018, according to Bloomberg.
Source: Fool.com
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