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toyota invests $1 billion in one of asia's biggest ride-sharing companies

toyota invests $1 billion in one of asia's biggest ride-sharing companies Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



toyota invests $1 billion in one of asia's biggest ride-sharing companies

with investments from didi chuxing, hyundai motor, honda motor and its recent acquisition of uber's asia business, grab has been slowly cementing its dominance in the sector. to give you a sense of its magnitude, grab revealed it owned a whopping 95 percent chunk of third-party taxi hailing in southeast asia, and handled 71 percent of private vehicle rides in july last year. during that period, it was running about three million rides per day. naturally, toyota wants in while the going is good.but toyota's master plan doesn't necessarily involve securing a market monopoly -- even if the emergence of ride-sharing services like lyft and uber are pressuring car makers to keep up to speed. the way atlantis investment research corporation pre...