Toyota to invest $500m in Uber for self-driving car programme

By | August 28, 2018

Firms expand relationship in bid to catch up with rivals over autonomous vehicles

The Japanese carmaker Toyota is to invest $500m (£388m) in the ride-hailing company Uber as the two companies expand their partnership on the development of self-driving cars.

It deepens an existing relationship in a bid to catch up with rivals in the race to design and produce autonomous vehicles for the mass market.

Related: Uber to diversify into electric bikes and scooters to drive growth

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