Toyota pumps $1 billion into Grab as auto industry bets big on ride-hailing startups
VentureBeat -

SINGAPORE (By Aradhana Aravindan and Naomi Tajitsu, Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. The value of six-year-old Grab […]


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