AU­TOS: Toy­ota in­vests $1 bil­lion in Asian ride-hail­ing firm

Milwaukee Journal Sentinel - - Business -

Japan’s top au­tomaker Toy­ota Mo­tor Corp. is in­vest­ing $1 bil­lion in Grab, the lead­ing ride-hail­ing com­pany in South­east Asia, the com­pany said Wed­nes­day. Toy­ota said it reached a deal with Grab Hold­ings to strengthen the ex­ist­ing part­ner­ship to grow in mo­bil­ity ser­vices in the re­gion. A Toy­ota ex­ec­u­tive will be ap­pointed to Grab’s board and an­other Toy­ota of­fi­cial is be­ing tapped to be an ex­ec­u­tive of­fi­cer at Grab, the com­pany said.

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