Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, Reuters reported. Sources told Reuters the plans were still subject to change and market conditions.
The company's decision to issue an assessment anyway may signal its intentions to present a more public and consumer-friendly face for its autonomous-vehicle program.
Sigal Cordeiro replaces Julia Steyn, who unexpectedly left GM last month as vice president of Maven and GM urban mobility.
The company plans to expand TradeRev to 175 markets by the end of the year but needs more boots on the ground for the rollout.
BorgWarner acquired the assets of Rinehart Motion Systems LLC and AM Racing Inc., merged the operations of each and created Cascadia Motion LLC.
