TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport booking… Continue reading Toyota captures data goldmine in $1 billion Grab bet
Tag: Didi
China’s Didi Chuxing continues its international expansion with Australia launch
Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km… Continue reading China’s Didi Chuxing continues its international expansion with Australia launch
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. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Six months ago, remote driving startup Phantom Auto was just a fleck in a crowded sea of companies vying for visibility—and customers—in the nascent autonomous vehicle industry. Today, it’s on the verge of landing deals with automakers, tech companies, and ride-hailing services all racing to deploy autonomous vehicles for public use. Phantom Auto, fresh from… Continue reading Why Self-Driving Car Companies Are Eyeing This Remote Driving Startup
Dara Khosrowshahi: How Uber wants to conquer Germany in the second attempt
All articles and backgrounds 06/06/2018 Dara Khosrowshahi How Uber wants to conquer Germany in the second attempt Getty Images for The New York Times Uber boss Dara Khosrowshahi The US-Fahrdienstvermittler Uber continues to conquer the European market – and is purified. Instead of being an aggressive competitor to the taxi industry, Uber wants to establish… Continue reading Dara Khosrowshahi: How Uber wants to conquer Germany in the second attempt
Daimler enters the capital of Taxify
The German Daimler has led the round of financing of 175 million dollars (150.7 million euros) that has closed the Estonian company, an operation that has raised the valuation of the company to more than one billion dollars. The Asian Didi Chuxing, who reached an agreement to enter the capital of Taxify in August 2017,… Continue reading Daimler enters the capital of Taxify
UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
(Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up nearly 13 percent. The move by SoftBank’s $100-billion Vision Fund is one of… Continue reading UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar
Taxify Raises $175M in Funding; Valued at $1 Billion
Taxify, an Estonia-based taxi hailing company, raised $175m in funding. The round, which brings Taxify’s valuation to $1 billion, was led by Daimler, with participation from Korelya Capital, and Taavet Hinrikus, which joined existing investors Didi Chuxing. In conjunction with the funding, Daimler will join Taxify’s board. The company intends to use the funds to… Continue reading Taxify Raises $175M in Funding; Valued at $1 Billion
Uber is in talks to add Waymo’s self-driving cars to its network, CEO says
Uber is in discussions with Alphabet’s Waymo to add the latter’s self-driving cars to its platform, Chief Executive Dara Khosrowshahi said Wednesday. Speaking at the Code Conference in Rancho Palos Verdes, California, Khosrowshahi said that Uber’s relationship with Alphabet-owned Google was improving and that Uber was “having discussions” with Waymo. “You build relationships slowly but… Continue reading Uber is in talks to add Waymo’s self-driving cars to its network, CEO says
Didi-Chuxing-Investment Taxify: Daimler joins Uber rivals
All articles and backgrounds 05/30/2018 Didi-Chuxing-Investment Taxify Daimler joins Uber rivals REUTERS Taxify: The company was founded in 2013 in Tallinn, Estonia The carmaker Daimler participates in the car broker Taxify. The Uber competitor from Estonia announced on Wednesday that it had closed a financing round worth 175 million dollars (more than 151 million euros).… Continue reading Didi-Chuxing-Investment Taxify: Daimler joins Uber rivals