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

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.

from Reuters: Business News https://ift.tt/2sVjdbt