Toyota invests $500 million into Uber

Toyota is reported to have invested $500 million into ride-hailing company, Uber. The transaction values Uber at $72 billion, $10 billion higher than how much Uber was valued earlier in 2018 when SoftBank Group invested in the ride-hailing company. According to the reports citing an anonymous source with alleged knowledge…

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BMW merges ride-hailing and car sharing into one app

German car manufacturer, BMW,is merging its car sharing and ride-hailing services into one app, ReachNow. The ride- hailz ing service and car-sharing service is currently only available in Seattle in the USA while Portland and New York only have the car-sharing feature. BMW Group acquired all of ReachNow (and…

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