Fri, 2019-04-19 03:47
TOKYO: Japanese car giant Toyota and investment fund Softbank Vision Fund on Friday unveiled an investment of $1 billion in US company Uber to drive forward the development of automated ridesharing services.
The investment, which also involves parts maker DENSO, will go to Uber’s “Advanced Technologies Group” in a bid to “accelerate the development and commercialization of automated ridesharing services,” the firms said in a statement.
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