TOY­OTA PLANS TO IN­VEST $1 BIL­LION IN GRAB

USA TODAY US Edition - - MONEY -

Toy­ota Mo­tor Corp. is in­vest­ing $1 bil­lion in Grab, the lead­ing ride-hail­ing com­pany in South­east Asia, the Ja­panese au­tomaker said Wed­nes­day. Grab, based in Sin­ga­pore, has re­cently at­tracted in­vest­ments from SoftBank, a Ja­panese tech­nol­ogy and telecom­mu­ni­ca­tions com­pany, and Didi Chux­ing, a Chinese ride-shar­ing and au­tonomous driv­ing com­pany.

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