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The Wall Street Journal: Toyota digs into ride-hailing data to develop add-ons

August 30, 2017

TOKYO—Toyota Motor Corp. said Wednesday it plans to dive deeper into the ride-hailing business by teaming up with Singapore-based startup Grab Inc.

Separately, Toyota Group company Toyota Tsusho Corp. said it would invest an undisclosed amount in Grab as part of a $2.5 billion fundraising round announced in July.

Toyota 7203, +1.00% TM, -0.17% says it will install tracking devices on 100 Grab vehicles to gather data on driver behavior to help develop aspects of its mobility services, such as usage-based insurance and financing programs.

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