FILE PHOTO: A logo of Toyota Motor Corp is seen at the company’s showroom in Tokyo, Japan June 14, 2016. REUTERS/Toru Hanai/File Photo
June 13, 2018
SINGAPORE (Reuters) – Toyota Motor Corp <7203.T> has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round.
The investment by Toyota is the largest-ever by an automotive manufacturer in the global ride-hailing sector, Grab said in a statement on Wednesday.
(Reporting by Aradhana Aravindan; Editing by Himani Sarkar)
