Toyota was initially cautious about ride-sharing and autonomous-driving technology.
South Korea's Hyundai Motor Co and Japan's Honda Motor Co Ltd have also previously funded Grab, which said it has achieved run-rate revenue of over $1 billion. The carmaker first invested an undisclosed amount in Grab in August previous year, after it invested in US-based Uber in 2016 in a partnership for a financing programme that allowed Uber drivers to lease vehicles from Toyota and drive for Uber to cover the payments.
As part of this agreement, Toyota will invest US$1 billion (RM4 billion) in Grab.
Japan's SoftBank Group Corp last month announced it would invest $2.25 billion in the Cruise autonomous vehicle unit of General Motors Co, while Fiat Chrysler Automobiles NV and Jaguar Land Rover Automotive PLC have agreed to supply vehicles for Alphabet Inc's self-driving auto subsidiary Waymo.
Some automakers have responded by partnering with makers of ride-hailing apps which dominate the fast-growing field of mobility services, in anticipation of a future of reduced vehicle ownership.
Toyota is investing as a lead investor in Grab's ongoing financing round, Grab said in a statement on Wednesday (June 13). Six-year-old Grab faces fierce competition from Indonesian rival Go-Jek, which is expanding ride-hailing and other services in Southeast Asia.
"We will work with partners like Toyota to continue to transform transportation in Southeast Asia", Grab said in an email.
To accelerate decision-making, one Toyota executive will be appointed to Grab's board of directors and a dedicated Toyota team member will be seconded to Grab to as an executive officer, with Toyota considering more personnel exchanges in the future.
Grab says that this investment allows it to further expand its range of O2O services, such as GrabFood and GrabPay, deeper into the region. The company's app has been downloaded onto over 100 million mobile devices and the firm logs over 6 million rides per day.
Toyota will also share technology with Grab, including software that predicts when cars need maintenance. This strong partnership will enable us to become the one-stop mobility platform in Southeast Asia.
Grab made headlines in March by buying out Uber's business in Southeast Asia in a multibillion-dollar deal.
Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia, and earlier this year agreed to acquire U.S. giant Uber's regional operations.
Grab's main rival is now Indonesia's Go-Jek which last month said it would invest $500 million to begin expanding overseas.
However, the European Court of Justice (ECJ) said that shape trademarks do not apply to Louboutin's red sole. Under EU law it was argued companies can not trademark common shapes such as the soles of shoes.
That's the same event where Doom was shown-off behind closed doors some years ago, so feels like the natural base for the game. With a clear, back-to-the-basics approach, the game was a commercial and critical success upon its release in 2016.
Support that was previously available in the Mobile devices forum will continue in the Other Windows mobile devices topic. Microsft is discontinuing support for Windows 7, Windows 8.1, Windows 8.1 RT (so, Windows RT in general), among others.
Uber says it does not tolerate discrimination and is investigating. "We are investigating and will take appropriate action". The video, which noted the driver's name and his license plate number, has been viewed more than 1,400 times.
Griezmann insists he is made a decision on his club future but has refused to reveal if he will remain with Atletico next season. The forward has been expected to confirm his future before the World Cup and said Saturday that was still the case.
However, no further information on the game such as where the game will be set up or what story to be expected from it. The team behind it is obviously proud of it, and when Bethesda are proud of something, we know it's going to be great.
Paul's Town Square building tried to tempt the raccoon down with a long pole, but the critter was having none of it. - A raccoon is causing a stir on social media Tuesday afternoon after it started scaling an office building in St.
The government is resisting the changes, which are aimed at softening the terms of the U.K.'s exit from the European Union. That has potentially seismic consequences for the protracted and increasingly messy split from Brussels.
In addition to Woodard and Shakir, " Luke Cage " stars Mike Colter as the titular hero, as well as Rosario Dawson and Theo Rossi . But being so visible has only increased his need to protect the community and find the limits of who he can and can't save.
All of a sudden from the knee down it became completely red. "And that's when it clicked in my head, 'Oh, I've been shot'". Video of the incident shows the gun falling from Bishop's waistband holder as he's dancing and doing a back-flip.
Why Kim leaves Singapore with real achievements
China, meanwhile was effusive about the talks, with Foreign Minister Wang Yi saying the two sides were "creating a new history". So number one we save money, a lot, and number two, it really is something that I think they [North Korea] very much appreciate.
Government avoids defeat on Brexit bill
As the clock ticked down to the vote, two rebels stood up to say they were satisfied with what the government had offered them. They subsequently warned they will not be easily bought off, while Tory Brexiteers urged ministers not to concede any ground.
NYC parade puts focus on Puerto Rico's plight
The parade also honored first responders and others who stepped up to help with both emergency efforts and ongoing recovery work. Governor Andrew Cuomo had harsh words before the parade for President Trump's ineffective hurricane relief efforts.
Argentina’s Pitana to ref World Cup opener
The event, kicking off June 14 , will take place in various cities across Russian Federation , from Moscow to St. The New York Times reviewed the letters and first reported on them.