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Toyota sinks $500mn into now-$76bn Uber, Tesla not going private

Toyota has invested $500mn into Uber, helping to boost Uber’s valuation after a difficult few months. The pair will combine technologies to create autonomous Toyota vehicles that will be used in Uber’s ride-sharing service. Fellow self-driving firm Tesla is in for some more turbulence, as CEO Musk has drawn the attention of the SEC after the flip-flop on going private. Oh, and Musk also re-accused a cave diver of being a “child rapist.” Toyota and Uber have come up with a name for their project – the Autono-MaaS, a blend of autonomous and Mobility-as-a-Service. In terms of the actual technologies involved, Toyota will be supplying its Sienna Minivans, equipped with its Guardian automated safety support system and its Mobility Services…

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