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© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Toyota to invest $500 mil in Uber
By Tom Krisher DETROIT©2024 GPlusMedia Inc.
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wtfjapan
Too much money with no place to put it so they piss it up the wall with "Uber". Which is just a scam for making first investors and top brass richer. does anybody think Toyota would invest in Uber if it wasn't coming to Japan, Uber has far more political clout in Japan now Toyota is backing them, well see how those J taxi companies fare now Toyota is lobby the J gov. Because you know foreign influence in Japan isnt influence when you've got a big Japanese partner by your side.
Matt Hartwell
I think its a good move. Uber is fairly strong compared to rivals in many Westerm countries and Toyota have huge experience in those same countries and in several cases, leading sales. Plus huge engineering knowledge. A solid partnership
wtfjapan
Yep, but reality is, try convincing the ultra protective Taxi Unions here, good luck with that.. hopefully it may change, but unions here are very powerful. lol
nah not even close Toyota has trillions of yen in cash to lobby with, employs 100s thousand of J workers both direclty and indirectly through suppliers and manufacturers. If Toyota wants in to the ride hailing business itll get its way eventually. Toyota will supply the autonomous vehilces and Uber will be the platform to hail them, no need for expensive outdated taxi industry. It wont happen overnight but believe it will happen.
wtfjapan
Yet no Uber in Japan yeto
and thats why theyve partnered with Toyota, if Toyota cant use its political lobbying to get their way then no company can. When Toyota speaks the J gov listens
OldHawk
Odd, I just read an article on another website that Uber is "shifting focus" from cars to bicycle and scooter rentals.
Chop Chop
Yeah, that investment in Uber will be sunk like the stone.
Dango bong
Can you really call an app that makes you use taxis from designated taxi companies "Uber?"
Kenji Fujimori
Yet no Uber in Japan yeto
Kenji Fujimori
@wtfjapan
Yep, but reality is, try convincing the ultra protective Taxi Unions here, good luck with that.. hopefully it may change, but unions here are very powerful.
Wakarimasen
Too much money with no place to put it so they piss it up the wall with "Uber". Which is just a scam for making first investors and top brass richer.
PerformingMonkey
"Sink" being the operative word here.
Wakarimasen
Uber couldn't make it in SE Asia and they won't make money in Japan either.