BOSTON—Lyft Inc. executives are focused on cutting insurance costs and will phase in self-driving vehicles on simple routes first, they said at a roadshow for investors ahead of the ride-hailing company’s initial public offering set for next week.
Reducing insurance costs is “the number one initiative,” said Chief Financial Officer Brian Roberts at a luncheon at a Boston hotel on March 20 for investors considering whether to buy into the closely watched IPO.
