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Eye on future, big carmakers ally with tech companies in the US
Add BT as a preferred sourcePublished Wed, May 25, 2016 · 09:50 PM
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San Francisco
CARMAKERS are looking towards a technology-driven future, one where they increasingly acknowledge that getting around may not require owning a car.
On Tuesday, two of the world's largest carmakers, Toyota and Volkswagen, said they were stepping up to invest in technology startups that are working to change the way people travel by car. Toyota said it had formed a partnership with and invested an undisclosed amount in Uber, the biggest ride-hailing company. Gett, the app popular in Europe, said it was working with Volkswagen, and the carmaker was investing US$300 million in the startup.
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