For safer, effective and convenient mobility, Global automotive
company, Toyota has gone into partnership with Uber, an online transportation
network company. As part of the partnership, Toyota Financial Services
Corporation and Mirai Creation Investment Limited Partnership are making
a strategic investment in Uber.
Toyota informed on its website that the companies have signed
Memorandum of Understanding (MOU) to explore collaboration, starting with
trials, in the world of ridesharing in countries where ridesharing is expanding;
taking various factors into account such as regulations, business conditions,
and customer needs.
“Ridesharing has huge potential in terms of shaping the future of mobility. Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers,” said Shigeki Tomoyama, Senior Managing Officer, Toyota Motor Corporation and president of the Connected Company, one of Toyota Motor Corporation’s recently created in-house companies.
Also speaking on the partnership, Emil Michael, Chief Business Officer, Uber said “We are excited that Toyota, the largest automobile manufacturer in the world, is making a strategic investment in Uber as part of a broader global partnership. Toyota vehicles are among the most popular cars on the Uber platform worldwide and we look forward to collaborating with Toyota in multiple ways going forward, starting with the expansion of our vehicle financing efforts”.
“Ridesharing has huge potential in terms of shaping the future of mobility. Through this collaboration with Uber, we would like to explore new ways of delivering secure, convenient and attractive mobility services to customers,” said Shigeki Tomoyama, Senior Managing Officer, Toyota Motor Corporation and president of the Connected Company, one of Toyota Motor Corporation’s recently created in-house companies.
Also speaking on the partnership, Emil Michael, Chief Business Officer, Uber said “We are excited that Toyota, the largest automobile manufacturer in the world, is making a strategic investment in Uber as part of a broader global partnership. Toyota vehicles are among the most popular cars on the Uber platform worldwide and we look forward to collaborating with Toyota in multiple ways going forward, starting with the expansion of our vehicle financing efforts”.
“Against the backdrop of rapidly evolving car usage trends in recent
years, the development of mobility services in new areas, including ridesharing
and car-sharing, has gathered pace on a global scale. Through this agreement on
the trials, Toyota and Uber will accelerate further talks in aiming to
establish new services and to offer new value to customers”, Toyota states.
In addition, the companies will create new leasing options in which car purchasers can lease their vehicles from Toyota Financial Services and cover their payments through earnings generated as Uber drivers. The leasing period will be flexible and based on driver needs. This initiative builds on Uber’s current Vehicle Solutions program.
Toyota and Uber will also explore collaboration in a variety of other areas, such as developing in-car apps that support Uber drivers, sharing knowledge and accelerating their respective research efforts, and establishing a special fleet program to sell Toyota and Lexus vehicles to Uber drivers.
In addition, the companies will create new leasing options in which car purchasers can lease their vehicles from Toyota Financial Services and cover their payments through earnings generated as Uber drivers. The leasing period will be flexible and based on driver needs. This initiative builds on Uber’s current Vehicle Solutions program.
Toyota and Uber will also explore collaboration in a variety of other areas, such as developing in-car apps that support Uber drivers, sharing knowledge and accelerating their respective research efforts, and establishing a special fleet program to sell Toyota and Lexus vehicles to Uber drivers.
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