Auto Market: Ride-Hailing and Toyota

auto market: The Chinese ride-hailing service operator has already aligned with Toyota in the so-called e-Palette project to develop electric and autonomous vehicles that can be used as mobile stores, together with other global technology giants, including Amazon Inc, according to The Japan Times. The move comes amid Toyota's continuing transformation into a mobility company that offers a wide range of services. Toyota and Didi are looking to set up a joint venture to offer mobility services, including ride-sharing in the world's largest auto market, the sources said. ; Didi has secured an overwhelming ride-hailing market share in China through the acquisition of Uber Technologies Inc.'s Chinese business. The automaker has invested in several ride-hailing operators across the globe, including another giant of the sector in Grab Taxi Holdings Pte. out of Singapore. Twitter Facebook Linked In LATEST BUSINESS STORIESTrump vows tariffs on Mexico, starting at 5% and rising until illegal immigration ends Japanese Economy Minister Toshimitsu Motegi said on Friday that an escalation of U.S. tariffs on Mexico and China is an undesirable development for the global economy, in response to questions a... Dollar hits four-month lows below 109 in Tokyo after Trump threatens tariffs on Mexico The dollar hit four-month lows of around 108.80 in Tokyo trading late Friday, with risk aversion growing after U.S. President Donald Trump threatened to impose punitive tariffs on all imports from... Tokyo stocks tumble on Trump's Mexico tariff threat Stocks took a plunge on the Tokyo Stock Exchange on Friday, battered by the yen's sharp rise against the dollar after U.S. President Donald Trump threatened to impose punitive tariffs on all import... /4973089/JT-teads googletag.cmd.push function googletag.display ; ; Toyota said last month it will jointly invest 1 billion in Uber's new subsidiary to develop autonomous vehicles, together with Soft Bank Group Corp. and auto parts supplier Denso Corp. (news.financializer.com). As reported in the news.