Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $2 billion figure includes a $1 billion investment from Toyota which was announced in June, […]

Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which is committing $1 billion in capital. The deal values Grab at over $10 billion, a source close to the company told TechCrunch. In […]

Video: The driver of the autonomous Uber was distracted before fatal crash

The Tempe, Arizona police department have released a video showing the moments before the fatal crash that involved Uber’s self-driving car. The video includes the view of the street from the Uber and a view of minder behind the wheel of the autonomous Uber. Warning: This video is disturbing. Tempe Police Vehicular Crimes Unit is […]

Ford takes aim at Toyota’s hybrid market lead with its new SUV lineup

Ford detailed a bunch of its roadmap for the next few years at a special media event today, and one of the key takeaways is that it’s going all-in on hybrids with its SUV lineup. Ford estimates that SUVs could make up as much as half the entire U.S. industry retail market by 2020, and […]

Toyota invests $69M in Japanese Uber rival backed by the taxi industry

This week isn’t turning out to be great one for Uber in Japan. Two of its investors — Didi and SoftBank — are teaming up to launch a rival service, while one of its existing competitors has just landed a big cash infusion and highly influential backer after Toyota backed JapanTaxi. The auto giant said it […]

Toyota’s mobility business shifts into high gear at CES

Toyota took advantage of CES 2018 to signal a major shift in its business, becoming what company president Akio Toyoda termed a “mobility service company” during his keynote presentation. Toyota seems poised to embrace mobility services as a core part of its overall business, rather than an offshoot or subsidiary concern, based on Toyoda’s comments […]

Toyota will electrify entire vehicle lineup by 2025

 Toyota is finally revealing the details of its plan to catch up with some of its rivals on electrification; the automaker has focused primarily on hybrids and hydrogen fuel cell vehicles before now, despite having led the market with the Prius – but it’s going to focus more on pure EVs going forward, with a […]

You can virtually inhabit Toyota’s new humanoid robot

 Toyota has a new, third-generation humanoid robot bears the charming name “T-HR3” and is designed to be a helpful and safe assistant to humans. It also features a so-called “master maneuvering systems,” which is essentially a VR-powered remote operating platform that a human can use to have the T-HR3 mirror its movements. Yes, kind of […]

The new Japan Taxi from Toyota wants to be an international icon

Japan’s getting an iconic new taxi courtesy of Toyota. The new, aptly named ‘Japan Taxi’ (or Jpn Taxi for conveniently fitting on a rooftop sign) is already on roads, and bears a slight resemblance to London’s signature black cabs. The idea behind its design was indeed to make something that would be tied to its […]

Toyota sees traditional gas engines phased out of its line by the 2040s

Toyota sees dedicated gas and diesel engines in its vehicles lineup reducing to zero by the 2040s, on its path to its goal of reducing the CO2 emissions of its vehicles by 90 percent by 2050 (compared to 2010). At a press conference hosted by the company at the 2017 Tokyo Motor Show today, Toyota’s […]