Lyft is teaming up with automotive industry giant Magna to develop self-driving cars — and getting a $200 million investment (MGA, GM, GOOGL)

Lyft on Wednesday announced a partnership with automotive components supplier Magna to develop self-driving car technology. As part of the deal, Magna is investing $200 million in Lyft. Magna is just one of several companies with which Lyft is working on autonomous vehicles.