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Toyota and Uber announce strategic partnership

on May 25, 2016 | 0 comments

By John Glenday

Japanese car giant Toyota and taxi booking service Uber have aligned their businesses under a ‘strategic partnership’ which will see Toyota invest an unspecified amount in the service and offer its vehicles to Uber drivers for lease.

Going forward both partners will also collaborate on ride-sharing trials in new as both firms work toward their longer term goal of equipping a fleet of vehicles with autonomous self-driving technology.

Both Uber and Toyota are investing heavily in this area with the Japanese giant recently establishing the Toyota Research Institute to spearhead the development of autonomous cars and robotic assistants.

While neither party Read full story ›

Source: The Drum