Compatriot Denso and Japanese Conglomerate

uber: Japanese carmakers Toyota and its compatriot Denso, a car parts supplier, will invest a combined 667m in Uber's Advanced Technologies Group ATG . The remainder will come from Japanese conglomerate Soft Bank's 100bn Vision Fund, whose largest investor is Saudi Arabia, according to The Guardian. Toyota and Soft Bank are already major investors in Uber, with the latter owning 16%. In addition to the consortium's 1bn investment, Toyota will provide up to a further 300m over three years to help fund ATG's development of commercially available self-driving cars. With weeks to go until the loss-making San Francisco firm's stock market float, expected to value thecompany at up to 100bn, Uber said it had secured new financial backing for its plans to develop autonomous vehicles. A new independent ATG board will be formed using the investment from Soft Bank, Toyota and Denso. Eric Meyhofer, the head of ATG, will be the chief executive. Six directors will be appointed from Uber, one from Soft Bank and one from Toyota. (news.financializer.com). As reported in the news.