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August 28, 2018

AP: Toyota to invest $500 million in Uber

By TOM KRISHER
AP Auto Writer

DETROIT — Toyota will sink a half-billion dollars into Uber and work jointly with the ride-hailing giant to develop self-driving vehicles, a person briefed on the matter said Monday.

The deal is a sign that Uber no longer wants to go it alone in creating an autonomous driving system since one of its test vehicles struck and killed a pedestrian on a darkened street in Tempe, Arizona, earlier this year.


 
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