Toyota is Investing $500 Million in Uber: The Automaker Japanese was searching to cash in on the Self-driving direction and Is partnering with Uber to bring it’s desire to fruition.
The Autonomous Uber is driving tech shill be Equipped on Toyota’s in the United States it shill be available on Uber’s ride-hailing network.
The recent report by the Wall Street Journal said that the $500 Million deal should put Uber’s Amount at 72 billion, Both companies are using this deal to catch up with the driver-less cars in market.
Toyota is Investing $500 Million in Uber
According to new report The CEO dara Khosrowshahi said that this is a 1st Awesome deal for Uber and it Would improve the company’s image since their Autonomous car’s Accident back in MARCH 2018.
The CEO Dara Khosrowshahi has mentioned in his statement:
Uber’s advanced technology & Toyota’s commitment to safety and its renowned manufacturing prowess make this partnership a natural fit. I look forward to seeing what our teams accomplish together.
The president of Toyota Corporation Shigeki Tomoyama Said that
This agreement and investment marks an important milestone in our transformation to a mobility company as we help provide a path for safe and secure expansion of mobility services like ride-sharing.
Toyota’s company is access to self-driving is based on (Chauffeur) and (Guardian) Accesses both of which are based on Same tech. The Japanese Automaker looks to make self-driving cars that will automatically switch b/w Assisted & the fully Autonomous driving.
The Company Toyota’s Research division CEO Dr Gill Pratt added.
Uber’s automated driving system and Toyota’s guardian system will independently monitor the vehicle environment and real-time situation, enhancing overall vehicle safety for both the automated driver and the vehicle.
It shill be interesting to see that how this Partnership b/w Toyota’s and Uber’s pans out in the upcoming time.