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Toyota set to team up with Uber on driverless cars: report

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San Francisco (AFP) – Toyota is poised to pump about $500 million into Uber as part of a deal to collaborate on self-driving vehicles, the…
San Francisco (AFP) – Toyota is poised to pump about $500 million into Uber as part of a deal to collaborate on self-driving vehicles, the Wall Street Journal reported Monday.
The investment was said to value Uber about $72 billion, and would come after the smartphone-summoned ride service throttled back its solo effort to develop autonomous vehicle technology.
San Francisco-based Uber did not respond to a request for comment.
Uber last month took a step toward restarting its autonomous ridesharing program, putting its self-driving cars back on the road in “manual mode,” with a driver at the wheel at all times.

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