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
-
Cobots: 14 Things You Need to Know
What jobs do cobots do well? How is a cobot programmed? What’s the ROI? We asked these questions and more to four of the leading suppliers of cobots.
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
