trending Market Intelligence /marketintelligence/en/news-insights/trending/3f4pPbgHfyviqqSgN2pkvg2 content esgSubNav
In This List

Report: Toyota may share self-driving tech with Uber's rivals in Asia

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Global M&A By the Numbers: Q1 2022

Blog

Insight Weekly: Earnings forecasts for US banks; corporate deleveraging; LatAm currency gains

Blog

Insight Weekly: M&A slows down; climate tops proxy season; private equity pours into blockchain


Report: Toyota may share self-driving tech with Uber's rivals in Asia

Toyota Motor Corp. could offer a self-driving system co-developed with Uber Technologies Inc. to its Asian ride-hailing rivals, including Singapore-based GrabTaxi Holdings Pte. Ltd. and India-based ANI Technologies Pvt. Ltd.'s Ola, Japan Times reported, citing sources close to the matter.

The Japanese carmaker could also offer the system to China's Didi Chuxing Technology Co. Ltd. if U.S.-China trade relations improve, according to the report.

In April, Uber's self-driving unit received $1 billion from Toyota, SoftBank Group Corp. and DENSO Corp., a Toyota Motor affiliate. Toyota and Uber also agreed to collaborate on driverless tech in August 2018.

Softbank Group, which formed a joint venture for new mobility services with Toyota in October 2018, holds stake in Grab and Ola.