Thursday 13 December 2018
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inquirer - 6 month ago

Toyota investing $1 billion in ride-hailing company Grab

Tokyo --- Japan s top automaker Toyota Motor Corp. is investing $1 billion in Grab, the leading ride-hailing company in Southeast Asia, the company said Wednesday. Toyota said it reached a deal with Grab Holdings to strengthen the existing partnership to grow in mobility services in the region. 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. Grab, which is similar to Uber in the U.S., is in eight nation

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