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Toyota to invest $500 million in Uber for self-driving cars

Updated : August 28, 2018 04:32 PM IST

Toyota, one of the world's largest carmakers, and Uber Technologies Inc, the leading ride-hailing service, are widely seen as lagging the competition in developing self-driving cars.
The partnership deepens an existing relationship and reflects Chief Executive Dara Khosrowshahi's strategy of Uber developing autonomous vehicles through partnerships, rather than on its own.
Toyota to invest $500 million in Uber for self-driving cars
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