Toyota will invest $1 billion in Southeast Asian tech company Grab
https://www.cnbc.com/2018/06/12/toyota-will-invest-1-billion-in-southeast-asian-tech-company-grab.html
Japan's Toyota Motor will invest $1 billion into Southeast Asian ride-sharing app Grab, the Singapore-based company said Wednesday.
The investment will see the two companies expand on their existing partnership and explore new mobility strategies across the region, Grab said. Additionally, an executive of the Japanese manufacturer will be appointed to Grab's board of directors while a Toyota team member will become an executive officer in the ride-sharing company.
