Daily Management Review

Japanese investors to invest $ 1 billion to develop unmanned vehicles at Uber


04/19/2019


Toyota Motor Company, Denso and SoftBank Vision Fund will invest $ 1 billion in a division of Uber Technologies Inc., which develops unmanned vehicles, reports Uber.



Under the terms of the agreement with Uber, Toyota and Denso will jointly invest $ 667 million in the developer of unmanned vehicles Advanced Technologies Group (Uber ATG), and SoftBank Vision Fund will provide $ 333 million. Based on the amount of investment, the cost of Uber ATG is estimated at $ 7.25 billion

Toyota may additionally invest up to $ 300 million in the next three years to help cover the costs of assembling unmanned vehicles. Uber recalls that this is not the first investment by Toyota: the Japanese company has already invested $ 500 million in August 2018

Uber CEO Dara Khosrowshahi said that new investments will help Uber stay at the forefront in the development of automatic driving technologies.

Uber is a transport service that allows hiring a taxi. Established in 2009, the company is headquartered in San Francisco (USA).

source: reuters.com






Science & Technology

China is developing technology to capture greenhouse gases

IEA: The growth of renewable energy is slowing

Google introduces new smartphone and beta Android Q

SpaceX’s Dragon Crew Capsule Test Met With Anomaly

New Security Study Finds Millions Use 123456 As Password For Email Accounts

The Devastating Panama Disease Could Spell Extinction For Bananas

Walmart to hire 4 thousand robot cleaners

Samsung Galaxy Fold: Expensive but fragile

USA and South Korea launch the first commercial 5G networks

Deliveries of AR/VR devices to grow by 54% in 2019

World Politics

World & Politics

The Earth Is ‘Not On Track’ To Tackle Global Warming: The U.N. Secretary General

Is Finland’s aging population turning the country into Japan?

The United States will impose new duties on Chinese goods on Friday

Jyrki Katainen: EU is not a milk cow

Oil lobby and the planet's future

Trump files a lawsuit against Deutsche Bank and Capital One

Trump Urged Abe To Influence Japanese Auto Firm To Produce More Vehicles In The U.S.

IEA: Iraq will enter the top three oil leaders