Toyota is the king of Japan’s auto industry. Known for big–selling cars like the Camry and Prius, the company is also preparing for the future by heavily investing in emerging technologies. The auto giant recently plunked $1 billion into fast-growing Asia-based ride-hailing company Grab while also spending $2.8 billion alongside several auto parts suppliers to found a new company that is focused on self-driving cars. Like other automakers, Toyota hopes its new products will eventually offset declining car sales in large markets like North America.
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News about Toyota Motor
Nothing kills a car-buying mood like utter uncertainty.
Securing extra funds for Uber's costly self-driving division is sure to make investors happy ahead of this year's IPO.
Toyota says no-deal probably means no new-model production in U.K.
"Affordability is going to be a challenge for consumers going forward," one analyst said.