Why Ford and Lyft Are Teaming Up on Self-Driving

Ford Motor Company (NYSE: F) and Lyft are teaming up: The Blue Oval and the fast-growing ride-hailing company said they will work together to develop self-driving vehicles optimized for use in ride-hailing service.

Ford is the latest in a growing list of companies to team up with Lyft on projects related to autonomous vehicles. Here's what we know, and what it means for the key players.

Ford will soon put some of its self-driving test cars into service with Lyft, the companies said. Image source: Ford Motor Company.

Source: Fool.com