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Posts Tagged ‘Toyota Uber deal’

Toyota Gets Piece of Car-Sharing Startup

Maker adds Getaround investment to deal with Uber.

by on Oct.31, 2016

Toyota has invested in car-sharing startup Getaround, expanding its reach into the mobility marketplace.

Toyota Motors Corp. is making an investment in a West Coast start-up company that allows car owners to lend their vehicle to others for a fee.

The Japanese financial press reports that Toyota has invested in U.S. car-sharing company Getaround, which launched its app-enabled, “peer-to-peer” car sharing service in 2013. The move follows upsurge in investment by carmakers in sharing services around the world.

Global Auto News!

Toyota also has a stake in Uber. Unlike Uber, which acts much like a taxi service with part-time drivers who use their own vehicles, Getaround’s users actually borrow and drive a vehicle from a specific vehicle owner who has agreed to make a vehicle they own available for lease. Getaround insures the leased vehicle and takes a cut of the fee charged for the transaction. (more…)

Toyota, VW Announce Major Ride-Sharing Partnerships

Japanese maker teaming up with Uber; German carmaker pumps $300 mil into Gett.

by on May.25, 2016

Toyota and Volkswagen are the latest makers to announce deals with ride-sharing companies. Toyota is teaming with Uber.

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.

Ride-Share News!

“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…)