June 13, 2018 / 2:11 AM / 4 months ago

Toyota Motor to invest $1 bln in Southeast Asia's Grab

SINGAPORE, June 13 (Reuters) - Toyota Motor Corp has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round. The investment by Toyota is the largest-ever by an automotive manufacturer in the global ride-hailing sector, Grab said in a statement on Wednesday. (Reporting by Aradhana Aravindan; Editing by Himani Sarkar)

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