(MENAFN) Toyota declared it is making a strategic investment in Uber and looking into ways to cooperate with the ride-sharing app, including offering auto leases to the firm's drivers.
The collaboration will start with trials, hence the new leasing options will allow Uber drivers to lease their vehicles from Toyota and cover their payments through their generated earnings.
The two behemoths also intend to develop in-car apps that support Uber drivers, advance research efforts and launch a special fleet program to sell Toyota and Lexus vehicles to Uber.
"Ridesharing has huge potential in terms of shaping the future of mobility, and we would like to explore new ways of delivering convenient mobility services to customers," said a senior managing officer of Toyota.
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