Toyota invests $500m in Uber as companies pair up to create driverless cars
Toyota has invested $500m (£388m) in Uber and announced plans for the firms to collaborate on developing driverless cars for ride sharing. The carmaker said technology from each company will be used to produce purpose-built Toyota vehicles to be deployed on Uber’s ride sharing network. The first fleet of cars will be based on Toyota’s Sienna minivan, and a pilot scheme is set to begin on Uber’s network in 2021.
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