Toyota pumps $1 billion in Grab in auto industry's biggest ride-hailing bet

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SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies.

Source:: http://feeds.reuters.com/~r/reuters/businessNews/~3/o-N-hDGMEqQ/toyota-pumps-1-billion-in-grab-in-auto-industrys-biggest-ride-hailing-bet-idUSKBN1J907E

      

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