Uber to invest USD1bn in self-driving division.
Auto Business News-April 22, 2019--Uber to invest USD1bn in self-driving division
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Auto Business News - 22 April 2019
Uber, a United States-based transportation network company, is investing USD1bn in its self-driving division ahead of the company's initial public offering.
Japan-based Toyota Motor Corporation (NYSE: TM) and Japanese supplier Denso will contribute a combined USD667m, while SoftBank accounts for the remaining USD333m. Toyota has invested USD500m, starting a collaboration that aims to deploy Sienna-based ridesharing vehicles on the Uber network by 2021.
Toyota Connected Company president...
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