Driving force: Toyota to pump $500m into Uber driverless vehicle deal

Uber is teaming up with motor giant Toyota to build self-driving cars for its ride-hailing service. Toyota, headquartered in Japan, is also investing $500 million (£387m) in Uber as part of the alliance. The deal aims to combine the best features from the two companies’ work on autonomous technology into cars that will be picking up Uber’s customers by 2021. By the time that happens, Uber hopes to have completed an initial public offering of stock that will enrich a list of early investors that now includes Toyota.