File illustration picture showing the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi sign in Frankfurt, September 15, 2014. A Frankfurt court earlier this month instituted a temporary injunction against Uber from offering car-sharing services across Germany. San Francisco-based Uber, which allows users to summon taxi-like services on their smartphones, offers two main services, Uber, its classic low-cost, limousine pick-up service, and Uberpop, a newer ride-sharing service, which connects private drivers to passengers – an established practice in Germany that nonetheless operates in a legal grey area of rules governing commercial transportation. REUTERS/Kai Pfaffenbach/Files (GERMANY – Tags: BUSINESS EMPLOYMENT CRIME LAW TRANSPORT)
Japanese carmaker Toyota has said it will invest a whopping €427 million ($500 million) in Uber, a global transportation company, as both multinationals partner on self-driving cars.
The two companies aim to deploy new technology across Uber’s ride-sharing network from 2021.
The partnership between Uber and Toyota is widely seen to be lagging in their its competitors.
Once completed, the deal will certainly breathe new life into Uber’s self-driving business which has been in a state of flux
In March, a self-driving Uber vehicle killed a pedestrian in the southwestern U.S. state of Arizona. The company has since removed its robot cars from the road.