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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 south...



toyota makes $1 billion ride-hailing bet in singapore's grab stake




toyota motor corp. is making its largest bet to date on ride hailing with a $1 billion investment in singapore’s grab holdings inc. the japanese auto manufacturer’s investment values grab, southeast asia’s largest car-hailing service, at just over $10 billion, according to a person familiar wi...



toyota investing $1 billion in asian ride-share firm grab




toyota said wednesday it was investing $1 billion in asia ride-share company grab, as the japanese automaker looks to expand beyond its core business into the "mobility" sector.



toyota invests can$1.4 billion in canada plants




toyota announced friday it would invest can$1.4 billion ($1.09 billion) in two factories in central canada where the japanese manufacturer plans to build its largest hybrid hub in north america.



how airbnb and uber are reacting in the face of regulatory changes




a few short years ago, it may seem unfathomable to share your personal assets via the internet. but with the advanced technology today, it has made sharing cheaper and easier than ever.  over the years, the sharing economy has disrupted many industries – transportation, travel, hospitality, beaut...



hyundai motor company invests in singapore's ride-hailing firm grab




hyundai motor co said on thursday it had invested in singapore-based ride-hailing firm grab, in the south korean automaker's first foray into the rapidly growing sector as it tries to diversify following a sales slump in china.grab has expanded to eight southeast asian countries and has said it is t...



lessons from se asia: uber must embrace local players to succeed abroad




anybody who commutes via ride-share in one of southeast asia's traffic-choked cities knows that uber technologies inc. has always been an also-ran in the fast-growing region. compared with grab taxi holdings pte. ltd., the dominant ride-sharing company in southeast asia, it consistently had fewer ca...



toyota invests can$1.4 billion in canada plants




ottawa will support the investment with can$110 million in toyota's cambridge and woodstock plants in ontariotoyota announced friday it would invest can$1.4 billion ($1.09 billion) in two factories in central canada where the japanese manufacturer plans to build its largest hybrid hub in north ameri...



best taxi and ride-sharing apps for iphone




whether you're planning to indulge in liquid libations this weekend, you just don't feel like walking through our lovely smarch weather, or the public transit in your city isn't as good as it could be, you can pull up a ride-sharing and taxi app and be on your way in no time.here are some of the bes...



toyota's $100 million fund will back ai, robotics startups




ai ventures will direct its investments towards ai, robotics, autonomous vehicles and data and cloud technology. along with funding, it will also offer companies it invests in both mentorship and support at its silicon valley headquarters. "one of the biggest challenges entrepreneurs face is knowing...



hyundai motor invests in southeast asian ride-sharing grab




hyundai motor is joining hands with southeast asian ride-hailing service grab to break into one of the world's fastest-growing markets.



toyota and mazda will work together to build evs




the plant will cost $1.6 billion and will produce roughly 300,000 cars per year. it's not clear where in the us it will be located, but it will create jobs for around 4,000 people. toyota will also take a 5 percent stake in mazda as a part of the deal.this partnership is a good move, when you consid...



softbank funding may spur uber to re-think foray into southeast asian mkt




softbank group's multi-billion dollar investment in uber technologies inc opens up the possibility of combining it with other ride-hailing assets the japanese group owns in a consolidation of a rapidly growing business across asia, industry sources say.uber technologies inc said on november 12 that ...



toyota and mazda join forces to build $1.6 billion factory in the us




enlarge/ toyota president akio toyoda, left, and mazda president and ceo masamichi kogai, right, shake hands during a photo session at a joint press conference on august 4, 2017 in tokyo, japan. tomohiro ohsumi/getty imagesshare this storyon friday, toyota motor corp. and mazda motor corp. signed a ...



toyota and mazda join forces to build $1.6 billion factory in the us




enlarge/ toyota president akio toyoda, left, and mazda president and ceo masamichi kogai, right, shake hands during a photo session at a joint press conference on august 4, 2017 in tokyo, japan. tomohiro ohsumi/getty imagesshare this storyon friday, toyota motor corp. and mazda motor corp. signed a ...



sharing cab with strangers may not be safe for women in delhi: kejriwal




delhi chief minister arvind kejriwal on thursday expressed concern over the safety of women travelling in shared cabs in the city. kejriwal was responding to a media report that the 'city taxi scheme 2017' would not allow ride sharing as cab sharing doesn't come under any legal framework. ride sha...



softbank invests $4.4 bn in shared offices firm wework




wework—which offers warehouse-style shared workspace to smaller companies, primarily tech startups—expected to use the massive investment by softbank to expand its global presenceoffice sharing startup wework on thursday announced that japan's softbank group has made a $4.4 billion investment in...



uber is losing to grab in southeast asia




not long after uber’s pugnacious founders first tested their app among san franciscans, a pair of harvard business school classmates from malaysia seized upon a similar idea: they wanted to build uber, but for asia. in 2012, they launched a ride-sharing service with 40 drivers in kuala lumpur. eve...



ride-sharing platforms may be taking the place of managers in the gig economy




ratings, ride assignments and other aspects of uber's ride-sharing computer platform in some ways subtly serve as the manager for the company's drivers, according to an international team of researchers.



europcar invests €10m in dutch car sharing platform snappcar




european rental car group europcar has taken a 20% stake in dutch mobility platform snappcar, a peer-to-peer car sharing firm founded in 2011.in total, europcar is investing around €10m in snappcar, which includes the autobaink group and denmark’s startup studio founders among its shareholders.s...



what softbank's $10b investment in uber means for its battle with ola




scandal-ridden uber has confirmed a deal to sell a chunk of its stakes to softbank. the japanese giant could invest us$10 billion over the next month to acquire 14 percent or more of uber’s shares, both in fresh and existing stock. the investment in uber comes on top of the billions softbank has p...



investors fuel a multibillion-dollar ride-sharing frenzy




credit: steffen thoma/public domain investors including japan's softbank and google-parent alphabet are fueling a drive to a ride-sharing future, betting on startups such as industry giants uber and lyft which have so far failed to deliver profits. the frenzied pace of investment suggests optimism o...



egypt court suspends ban on uber and careem




an egyptian taxi driver navigates the streets of cairo on november 7, 2016an egyptian court on saturday suspended a ruling banning the use of ride-sharing apps uber and careem until an appeal is exhausted, a judicial source said. in march cairo's administrative court banned the ride-sharing services...



presstv-iran agrofood 2017 attracts hundreds of foreign companies




amir mehdi kazemipress tv, tehranone of the biggest annual food and agriculture exhibitions in asia is being held in tehran with a large number of foreign and domestic companies taking part in the event. this year the number of companies from europe and asia has considerably increased; companies tha...



uber's southeast asia exit gives more arsenal to battle ola ahead of ipo




uber’s decision to exit southeast asia, where it was bleeding money, should give the global ride-hailing giant more firepower to focus on india, where it’s locked in a fierce battle with local rival, ola, industry analysts say. with uber considering a public offering in 2019, it would make sense...