Toyota, SoftBank fund, Denso invest $1 billion in Uber

Toyota, SoftBank fund, Denso invest $1 billion in Uber

5 years ago
Anonymous $9jpehmcKty

https://apnews.com/1a0c75c130fb4fee8169b25ff75d8bc5

TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit.

The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s Vision Fund will invest $333 million in Uber Technologies Inc.'s new entity, Advanced Technologies Group, or Uber ATG, which will try to develop and commercialize automated ridesharing services.