Toyota said to invest $500 Million in Uber
By Bloomberg
28 August 2018 |
5:43 am
Toyota will invest about $500 million to work jointly on driverless-vehicle development, the Wall Street Journal reports, citing unidentified people familiar.
In this article
Related
5 Jan 2017
Toyota unveils a new concept car featuring digital displays and an artificial intelligence system at CES 2017, while Sony wows visitors with a dazzling OLED TV that uses innovative 'acoustic surface' technology.
2 Feb 2017
Toyota led major carmakers reporting lower U.S. sales in January, even as an industry trying for another record year piled on discounts to keep showrooms busy.
11 Apr 2017
Wil James, president of Toyota Motor Manufacturing Kentucky, discusses the importance of the $1.33 billion investment in a Kentucky plant and reaction by President Trump.
14 Apr 2017
Japanese carmaker Toyota launches a rehabilitation robot rental service.
27 Jun 2017
Carmakers may end up shouldering the bulk of the costs of replacing the estimated 100 million defective air bags made by Takata after the company filed for bankruptcy.
29 Jun 2017
Wil James, president at Toyota Motor Manufacturing, discusses the redesigned 2018 Camry as the first vehicles roll off the assembly line in Kentucky.
4 Aug 2017
Koji Endo, the analyst at SBI Securities, discusses the tie up between Toyota and Mazda to work jointly on electric vehicles.
24 Mar 2018
Toyota has stopped testing its driverless cars after an Uber self-driving car hit and killed a pedestrian in California.
13 Jun 2018
Toyota has agreed to invest $1 billion in Grab, the Southeast Asian ride-hailing company that recently took over Uber's operations in that region.
28 Jun 2018
Toyota Motor is piling onto the broader auto industry’s criticism of the Trump administration’s imports investigation by warning how much more its cars could cost due to tariffs.
3 Aug 2018
Investors are bracing for Toyota Motor’s business update on Friday after global rivals fell short of estimates and warned of more pain.
Latest
58 mins ago
A 14-point plan to improve transparency and close loopholes has been put forward by the head of the European Parliament in the wake of Qatargate, the bribery scandal that continues to rock the institution.
58 mins ago
China has just recorded its first population decline in 60 years. With the birthrate expected to fall further over the next decade, the consequences for Beijing's economic ambitions could be huge.
58 mins ago
Kampala is abandoning its Chinese partners and turning to Turkey to build a standard gauge railway that will connect to neighboring Kenya. East Africa is keen on improving its railway network as part of integration.
3 hours ago
Is the luxury sector recession-proof? Sales at high-end brands plunged at the start of the Covid-19 pandemic, but they've since rebounded sharply, even as inflation soars and economic growth slows. Now many fashion houses are hoping that China's reopening will be another boost to their business.
3 hours ago
Angoulême is once again the centre of the world for graphic novelists, as the French city hosts the 50th edition of its international comics festival. Our reporters have been speaking to best-selling author Riad Sattouf, who received the festival's Grand Prix this year.
3 hours ago
Faced with an ageing population and holes in public finances, many European countries are grappling with reform of their pension systems. In this programme, we compare and contrast the situations in two EU member states, Denmark and Romania, and debate what constitutes a fair system of pension contributions.