Toyota will invest $1 billion in Southeast Asian tech company Grab
Japan's Toyota Motor will invest $1 billion into Southeast Asian ride-sharing app Grab, the Singapore-based company said Wednesday. The investment will see the two companies expand on their existing partnership and explore new mobility strategies across the region, Grab said. Additionally, an executive of the Japanese manufacturer will be appointed to Grab's board of directors while a Toyota team member will become an executive officer in the ride-sharing company. According to Grab, the investment will allow Toyota to further integrate its services such as user-based insurance and predictive maintenance with the Singapore-based company. "Going forward, together with Grab, we will develop services that are more attractive, safe and secure for our customers in Southeast Asia," Shigeki Tomoyama, Toyota executive vice president, said in a statement included in the announcement.
Toyota modernizes its stately $175,000 saloon with hybrid tech
as declared in The all-new Century made its world debut at last year's Tokyo Motor Show, and Toyota began selling it across Japan this month. Toyota launched the very first Century in 1967, commemorating the 100th birthday of Toyota Group founder Sakichi Toyoda. The straightened C-pillar is designed to shift the car's visual presence to the rear, where the most important passengers sit. Keeping the very important rear passengers entertained is an 11.6-in display mounted centrally between the front seats. Rear passengers maintain full control of their environment using a 7-in touch panel command center in the console, offering adjustment of audio, climate, seat massage and curtains.collected by :Edison Noah