Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

6 years ago
Anonymous $roN-uuAfLt

https://www.reuters.com/article/us-grab-toyota-investment/toyota-pumps-1-billion-in-grab-in-auto-industrys-biggest-ride-hailing-bet-idUSKBN1J907E

Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia's Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies.

Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

Jun 13, 2018, 10:25am UTC
https://www.reuters.com/article/us-grab-toyota-investment/toyota-pumps-1-billion-in-grab-in-auto-industrys-biggest-ride-hailing-bet-idUSKBN1J907E >Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia's Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies.