TOYOTA TO INVEST $500 MN IN UBER

Japanese auto major Toyota Motors is investing $500 million in US-headquartered ride-hailing company Uber so that the companies can jointly develop autonomous vehicles. The investment will value Uber at about $72 billion. Toyota is reportedly planning to manufacture its Sienna minivans loaded with Uber’s software and testing is scheduled to start on Uber’s ride-sharing network in 2021.