Uber Gains A Major Ally With Toyota Partnership
Toyota is the latest automaker to get behind a ride-hailing service.By Ben Lawson | May 25, 2016
Toyota just made a major investment in Uber, joining the group of big-name automakers entering into the ride-sharing market.
Toyota announced the partnership Tuesday. The automaker will allow Uber drivers to lease Toyota vehicles with a "flexible" leasing period, and drivers can use their earnings from Uber to cover payments.
The partnership gives Toyota a foothold in the growing ride-sharing industry, and Uber gets a major ally against competitors. The startup is already the largest ride-sharing company out there right now.