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Toyota invests $1B in Uber's Asian ride-share rival

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in Auto News

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Grab logoToyota on Tuesday pumped $1 billion into Grab, the Singapore-based ride-sharing firm that bought out one-time rival Uber in Southeast Asia. The investment makes Toyota the largest global automaker involved in ride-sharing. By comparison, GM has invested about $500 million in Lyft in the U.S. MORE: Uber costs less than driving in some cities In the...

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