Toyota halts self-driving program as Uber fatality ripples across autonomous car landscape

USATODAY - Tech Top Stories

Tempe, Arizona police released video of the Uber Self-Driving SUV crash that killed a woman on Sunday. It shows a woman push her bicycle on a dark road and the human back-up driver's reaction.This video includes images some may find disturbing. Toyota unveiled the latest generation of its Lexus self-driving car at CES earlier this year. SAN FRANCISCO -- The ripple effect of a deadly incident involving an Uber self-driving car in Arizona widened Thursday as Toyota disclosed that it was pausing its autonomous car testing program. "For us it's about the well being of our (safety) drivers, because an incident like this can be jarring and they're out there every single day," Rick Bourgoise, communications manager with Toyota Research Institute, told USA TODAY.

Toyota invests $500m in Uber as part of autonomous vehicle partnership


Toyota is investing $500 million in ride-sharing giant Uber for the development of self-driving vehicle technologies as part of a wider partnership between the pair, the companies announced on Monday. Toyota said Uber will be integrating its self-driving technology with its own automated safety support system, Toyota Guardian, for purpose-built vehicles for deployment on Uber's network, beginning with pilots in 2021. Toyota said the partnership -- for which talks reportedly began as far back as March -- aims to bring autonomous ride sharing as a mobility service to market, and marks a milestone in Toyota's "transformation to a mobility company". "The deal is the first of its kind for Uber, and signals our commitment to bringing world-class technologies to the Uber network," said Uber CEO Dara Khosrowshahi. "Our goal is to deploy the world's safest self-driving cars on the Uber network, and this agreement is another step towards making that a reality.

Toyota Is Investing $500 Million in Uber to Get Self-Driving Cars on the Road

TIME - Tech

Toyota Motor Corp. is expanding an alliance with Uber Technologies Inc. through a new investment and a plan to get self-driving cars on the road. The Japanese automaker is investing $500 million in Uber, the companies said on Monday. The deal values the ride-hailing giant at $72 billion, said a person familiar with the matter. As part of the pact, Toyota will manufacture Sienna minivans equipped with Uber's self-driving technology, and another company will operate the fleet. They have yet to identify the third partner, said the person, who asked not to be identified because the details are private.

Toyota to invest $500m in Uber in driverless car deal

BBC News

Japanese carmaker Toyota is to invest $500m (£387m) in Uber and expand a partnership to jointly develop self-driving cars. The firm said this would involve the "mass-production" of autonomous vehicles that would be deployed on Uber's ride sharing network. It is being viewed as a way for both firms to catch up with rivals in the competitive driverless car market. The deal also values Uber at some $72bn, despite its mounting losses. That is up 15% since its last investment in May but matches a previous valuation in February.

Uber's self-driving unit gets its own CEO and a $1 billion investment


As Uber finally closes in on its IPO, its self-driving car unit is getting a big cash infusion and some independence. The company announced tonight that Toyota, Denso and Softbank are investing a total of $1 billion in its Advanced Technologies Group (Uber ATG), in a deal that values that part of the company at $7.25 billion. This adds onto Toyota's $500 million investment last year, which the two said would lead to the creation of an autonomous fleet based on Toyota's Sienna minivan. So far, many of the big car companies are teaming up to develop autonomous tech combined with ridesharing angles as it's expected to be a huge market in the next few years. According to Uber CEO Dara Khosrowshahi, "The development of automated driving technology will transform transportation as we know it, making our streets safer and our cities more livable. Today's announcement, along with our ongoing OEM and supplier relationships, will help maintain Uber's position at the forefront of that transformation."