Toyota will invest $500 million in Uber and partner with the nation’s largest ride-sharing service on the development of the autonomous and fully driverless vehicles. Uber and Toyota said they will share research and development efforts on self-driving technologies and move quickly towards putting vehicles into real-world use.
“This agreement and investment marks an important milestone in our transformation to a mobility company,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility.”
Read the article at The Detroit Bureau.