EconomicGlobal RiskNews BriefsTechnologyTravel Safety

Toyota Investing $500 Million in Uber in Driverless-Car Pact

Toyota is investing around $500 million in Uber’s driverless car research and development as part of a deal that will have the two companies working to improve sector safety and lower transportation costs. Uber’s driverless-car division has been plagued by continuing losses and difficulties in generating popular uptake of the technology. Partnership with Toyota may represent a way forward for the technology and its spread in implementation across the U.S. 

Source: Toyota Investing $500 Million in Uber in Driverless-Car Pact – WSJ

OODA Analyst

OODA Analyst

OODA is comprised of a unique team of international experts capable of providing advanced intelligence and analysis, strategy and planning support, risk and threat management, training, decision support, crisis response, and security services to global corporations and governments.