The number of major automakers entering the ride-sharing realm continues to grow, Toyota and Volkswagen just the two latest.
The Japanese maker has announced a broad alliance with Uber, the world’s largest ride-sharing service, with a $1 billion investment. Volkswagen, meanwhile, is investing $300 million in Gett, a global ride-hailing service. The two announcements come just months after General Motors said it would launch car-sharing service Maven and invest $500 million in Uber’s largest competitor, Lyft.
“Ridesharing has huge potential in terms of shaping the future of mobility,” said Shigeki Tomoyama, senior managing officer of Toyota and president of its new subsidiary, the Connected Company. “Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers.” (more…)