Mexican Media Brands
Toyota in $500 Million Deal with Uber on Self-Driving Cars
Toyota Motor Corp. plans to invest $500 million in Uber Technologies Inc. and collaborate with the ride-hailing service to develop autonomous-vehicle technologies, according to media reports.
Share
Toyota Motor Corp. plans to invest $500 million in Uber Technologies Inc. and collaborate with the ride-hailing service to develop autonomous-vehicle technologies, according to media reports.
Reports say the companies will partner on advanced capabilities that combine Uber’s system with Toyota’s Guardian semi-autonomous platform. The resulting highly autonomous system will be installed in Toyota-brand vehicles and deployed within Uber’s ride hailing fleet.
Both companies are generally considered to be lagging in driverless-car-system development. Uber shut down its in-house program in March after one of its test cars killed a pedestrian in Arizona.
RELATED CONTENT
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
