Navigation
Search
|
Toyota leads $1B investment in Uber’s self-driving tech
Friday April 19, 2019. 04:21 PM , from Ars Technica
Enlarge / Uber has been using Volvo XC90 hybrid SUVs as R&D platforms. Soon, we can expect these to be joined by Toyota Siennas. (credit: Uber)
On Thursday, news broke that Toyota, Denso, and the SoftBank Vision Fund are investing heavily in Uber's autonomous driving operation. Together, the three companies will put $1 billion into Uber's Advanced Technologies Group: $667 million from Toyota and Denso, with an additional $333 million coming from SoftBank. 'Leveraging the strengths of Uber ATG’s autonomous vehicle technology and service network and the Toyota Group’s vehicle control system technology, mass-production capability, and advanced safety support systems, such as Toyota Guardian™, will enable us to commercialize safer, lower cost automated ridesharing vehicles and services,' said Shigeki Tomoyama, Toyota executive vice president and president of Toyota’s in-house Connected Company, in a statement sent to Ars. It's actually not the first time Toyota has opened its wallet for Uber. In August 2018, the Japanese OEM signed a $500 million deal to integrate Uber's autonomous tech into Toyota Sienna minivans, which will operate through Uber's ride-hailing network at some future date. That followed an earlier investment of $300 million in 2016. Read 2 remaining paragraphs | Comments
https://arstechnica.com/?p=1493501
|
25 sources
Current Date
Apr, Wed 24 - 01:01 CEST
|