• Toyota pumps $1 billion into Grab as auto industry bets big on ride-hailing startups

    5 monthes ago - By Venture Beat

    SINGAPORE (By Aradhana Aravindan and Naomi Tajitsu, Reuters) - 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. The value of six-year-old Grab will be just...
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  • Toyota invests $1 billion in ride-hailer Grab

    Toyota invests $1 billion in ride-hailer Grab

    5 monthes ago - By Fast Company

    The company is calling it the largest-ever investment globally by an automotive manufacturer in the ride-hailing sector.
    The Japanese car giant is pumping $1 billion into the Singapore-headquartered ride hailer. The investment means the six-year-old Grab is now valued at around $10 billion. And Grab isn't being shy about Toyota's cash influx. The company is calling it the largest-ever investment globally by an automotive manufacturer in the ride-hailing sector, reports Reuters. Toyota is just the latest car maker to throw money at ride-hailing firms. GM recently invested in Lyft. Analysts...
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  • Toyota Is Investing $1 Billion in the Ride Hailing Company That Bought Uber's Southeast Asia Business

    5 monthes ago - By Fortune

    Toyota Motor Corp. is making its largest bet to date on ride hailing with a $1 billion investment in Singapore's Grab Holdings.
    The Japanese auto manufacturer's investment values Grab, Southeast Asia's largest car-hailing service, at just over $10 billion, according to a person familiar with the transaction. A Toyota tm executive will be appointed to Grab's board, and another Toyota employee will be seconded to Grab to as an executive officer, the carmaker said Wednesday.
    Automakers are taking steps toward a future where mobility services will make individual car-ownership less necessary...
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  • Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

    5 monthes ago - By Reuters

    SINGAPORE - 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.
    Read more ...