Uber halted its self-driving car testing when a woman got killed in an accident in Arizona March this year. Last month, the San Francisco-based firm restarted its autonomous car testing by using the manual mode in self-driving cars with a driver in the car.
This deal would help Uber financially that has recently hired investment veteran Nelson Chai as its CFO who will be playing a major role in making it as a public listed company during the second half of 2019. According to Bloomberg, Toyota will supply its Sienna vehicles to Uber for testing the self-driving technology.
As driverless cars will provide cheaper mobility, the automakers are trying to partner or already partnered with those who are working on the driverless car systems. It’s worth noting that Toyota had invested $1 billion in Singapore-based ride-hailing company Grab two months ago.
The symbiosis between the automakers and ride-sharing firms are expected to provide mutual benefits for both the sides. However, the full details of Toyota’s investment in Uber are not yet disclosed.
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