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Uber, which provides road transport services and private taxi services, announced a reached investment agreement with Toyota Motor, Denso and SoftBank Vision Fund regarding its Uber Advanced Technologies Group, which specializes in the development of unmanned vehicles. Toyota and Denso for these purposes intend to transfer 667 million dollars. Investment of Softbank Vision Fund will amount to 333 million dollars. The total investment, therefore, will be at the level of 1 billion dollars, which will increase the cost of Uber ATG to 7 billion 250 million dollars. The report of the American company also notes that Toyota in August last year already invested $500 million in it and plans to invest about $300 million over the next 3 years.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
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