Toyota invests €427 million in Uber

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By Jad Salfiti
Toyota invests €427 million in Uber

Japanese carmaker Toyota will invest a whopping €427 million ($500 million) in Uber as they work together on self-driving cars.

The two companies aim to deploy new technology across Uber’s ride-sharing network from 2021. The partnership is widely seen to be lagging behind its competitors.

The deal also breathes new life into Uber’s self-driving business which has been in a state of flux

In March, a self-driving Uber vehicle killed a pedestrian in the southwestern U.S. state of Arizona. The company has since removed its robot cars from the road.

Journalist • Jad Salfiti

Video editor • Jad Salfiti