The Japanese giant's investment values Grab, South-east Asia's largest car-hailing service, at just over US$10 billion, Bloomberg reported. This time, the automaker is lead investor in a financing round launched after Grab acquired Uber's operations in Southeast Asia, a region of 640 million people.
Japan's top automaker Toyota Motor Corp is investing US$1 billion in Grab, the leading ride-hailing company in Southeast Asia. Toyota has installed its data recorders in Grab-operated rental cars to collect driving data - a similar strategy it has employed with Japan Taxi.
A Toyota executive will be appointed to Grab's board and another Toyota official is being tapped to be an executive officer at Grab, the company said.
"I am delighted that we are strengthening our collaboration, which utilizes Toyota's connected technologies", Toyota Executive Vice President Shigeki Tomoyama said in a statement.
The deal comes as the auto industry faces a spike in the need for technological prowess with the advent of features such as autonomous driving, while app makers offer passengers the option to forgo vehicle purchases by connecting them with drivers.
Toyota also has ties to Uber.
"As a global leader in the automotive industry, Toyota's investment in Grab is based on their conviction in our leadership in driving the adoption of new mobility solutions and expanding O2O mobile services, such as GrabFood and GrabPay, in the region", Ming Maa, president of Grab, said in the release. The carmaker first invested an undisclosed amount in Grab in August a year ago, after it invested in US-based Uber in 2016 in a partnership for a financing programme that allowed Uber drivers to lease vehicles from Toyota and drive for Uber to cover the payments. General Motors, Daimler and Honda Motor are among manufacturers that are investing in ride-hailing applications and developing self-driving vehicles.
"We are thrilled to have Toyota onboard as a long-term, strategic partner of Grab".
Toyota, the world's most valuable carmaker with a market capitalization of about $221 billion, has sought partnerships with a pantheon of tech companies including Amazon Inc. and Apple Inc.in a bet that data will be a key part of its future.
From its beginnings as a taxi-booking app - its original name is GrabTaxi - the company is morphing into an online platform for connecting users and offline services, and is venturing into financial services and venture capital.
"Together with Grab, we will develop services that are more attractive, safe and secure for our customers in Southeast Asia", he said.
Grab said it logs six million rides a day via apps downloaded onto over 100 million mobile devices. Earlier this year, Hyundai (HYMTF) alsoinvested in Grab.
Grab, which is similar to Uber in the US, is in eight nations in the region, including Malaysia, Singapore, Thailand and Indonesia.
The "United Bid" calls for the U.S.to host 60 matches, including all games from the quarter-finals through to the final. The United States was defeated in the final round of voting to determine the 2022 World Cup host.
Avenger's Infinity War had the best global opening weekend ever and hit $ 1 billion at the box office faster than any other film. Avengers: Infinity War was released nearly two months ago, but it continues to rake in billions at the box office.
And there isn't anything you can do about it now, with Epic accounts now locked with those specifications until further notice. It's the full game experience, including the incredibly popular Battle Royale multiplayer online game.
The highest-profile of those leaving his post was Bishop Juan Barros of Osorno, 61, who has been in the vortex of the abuse saga. Pope Francis attends a meeting with faithful of the diocese of Rome at Saint John Lateran Basilica in Rome.
At one point, a large truck can be seen passing within a few feet of the child at a high rate of speed. The rescue was all caught on camera, showing the officer run after the child and tell him he's okay.
He took part in the team training session on Wednesday but did not engage in any pieces of training that involves the ball. Mohamed Salah looks to be on course to make his return for Egypt in time for the beginning of the World Cup .
Sanford had been critical of Trump at times, saying he "fanned the flames" of intolerance and decrying his disregard for facts. He backed Sanford's pro-Trump challenger, state legislator Katie Arrington , for November's congressional elections.
PM Modi's fitness challenge video has come over a month after he accepted cricketer Virat Kohli's fitness challenge on Twitter. HD Kumaraswamy, within minutes of getting nominated, responded by thanking the Prime Minister for his concern for his health.
They warned "the amount of new infrastructure required for the Morocco 2026 bid to become reality can not be overstated". President Donald Trump welcomed the news, tweeting: "The U.S., together with Mexico and Canada, just got the World Cup".
It shows a horse eating the flowers off a women's hat and the jockey reimbursing her in the winner's circle with Quick Pay. Superior: Justify carries the China Horse Club silks to victory in the Belmont Stakes to complete the Triple Crown.
The world number one goes in search of Roland Garros title number 11 against Dominic Thiem of Austria on Sunday. He hit a forehand long for 0-30 and then hit another forehand into the net to gift Nadal three set points.
The Justice Department can still appeal Leon's decision. "All I know is that this will be a blockbuster summer for media mergers". The Justice Department's antitrust chief, Makan Delrahim, said he was disappointed and will consider his next steps.
The United States imposed new tariffs on Canadian steel and aluminum less than two weeks ago on a "national security" basis. A Trump adviser had suggested Sunday that Trump saw Trudeau as trying to weaken his hand before the meeting with Kim.
I always try to be prepared to play where the coach needs me and contribute in the best way possible". Let us know in the comments section below. "Not only was the attack well, the group went very well".
We've spoken about our values and how we want to be perceived by the Australian public and the cricket public in general. But as well as trying to mould a new-look side, Paine must also cement his own place.
Some security experts said that the leaked personal information was arguably a greater threat than the compromised card data. The breach was now being investigated by police, it said, while regulators had also been informed.
The decision comes a month after Casey was let go and one day after he was hired by the Detroit Pistons as their new coach. Nurse, 50, joined the franchise five years ago and was a longtime assistant under former Raptors coach Dwane Casey .
Putin said it was not Russia's decision to quit the G7, saying he would be happy to see G7 leaders in Russian Federation . The American leader has repeatedly said he wants to improve relationships with Moscow.
Earlier it was reported that in the area of the island of Okinawa fell into the sea the American fighter F-15. In December 2017, two alleged incidents of parts falling from helicopters onto civilian territory occurred.
Players can expect fresh take on the stories of Claire and Leon, as they move around the city in a desperate effort to stay alive. As we can see, Resident Evil 2 Remake will be a third-person game with the camera behind/near the shoulder of the character.
Fox said: "We're excited to finally be able to talk about the game and look forward to sharing more in the coming months". Worse, as you saw at the end of the gameplay video, Spider-Man is no match on his own in the one vs. five situation.