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Friday, June 22, 2018, 12:27 p.m.

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Toyota bets on ride-hail service

Singapore’s Grab to get $1B outlay

By KEVIN BUCKLAND AND YOOLIM LEE BLOOMBERG NEWS

This article was published June 14, 2018 at 2:01 a.m.

the-grab-logo-is-displayed-on-a-taxi-in-bangkok-in-march-toyota-motor-corp-is-investing-1-billion-in-grab-the-leading-ride-hailing-company-in-southeast-asia

The Grab logo is displayed on a taxi in Bangkok in March. Toyota Motor Corp. is investing $1 billion in Grab, the leading ride-hailing company in Southeast Asia.

Toyota is making the largest ever bet by an automaker on ride hailing as it embraces new businesses that threaten to disrupt the industry's traditional model of vehicle ownership.

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