Toyota, Uber To Develop Driverless Vehicles: Report

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Uber and Toyota are partnering to develop driverless cars, The Wall Street Journal reported Monday.

Toyota will invest about $500 million in Uber as part of the agreement between the two companies, according to the Journal. Toyota’s investment values the ride-hailing firm at $72 billion.

Uber has previously tested its self-driving cars in Arizona and California. The company suspended all of its testing on public roads, however, after a self-driving Uber vehicle struck and killed a pedestrian in Arizona earlier this year.

 

Read more at The Hill.

{Matzav.com}

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