Toyota becomes Uber’s shareholder

Toyota bought a stake in the capital of Uber, the world leader in the sector. The transaction value was not disclosed, but the agreement provides an important trade chapter: Toyota will ensure the leasing of vehicles to drivers which in turn will repay with shares of their tariffs.

The move of the Japanese manufacturer is the answer to the initiatives that competitors have implemented in recent weeks: the GM found for $ 500 million participation in Lyft, while Volkswagen has entered the Israeli Gett putting on the plate 300 million. The more substantial the wildcard has nonetheless played the Apple, ready to bet a billion of Didi-Chuxing, the Chinese Uber growing very fast.

In the opinion of analysts, Uber is the right partner to Toyota with its smaller models can easily deal with the traffic of the most congested urban areas where the US company is the undisputed leader.