Toyota, Uber to join forces

UBER is teaming up with Toyota to build self-driving cars for its ride-hailing service after its efforts to do it alone were derailed by a fatal collision and allegations of high-tech theft.

Toyota is also investing $500 million in Uber as part of the alliance.

The deal aims to combine the two companies’ work on autonomous technology into cars that will be picking up Uber’s customers by 2021.

By then, Uber hopes to have completed an initial public offering of stock that will enrich a list of early investors that now includes Toyota.