Toyota Motor Corp. said Wednesday it will invest $1 billion in major ride-hailing company Grab Holdings Inc. to deepen their tie-up, as the automaker looks to adapt to the growth of app-based mobility services.Under the alliance, Toyota is collecting and analyzing data from the Singaporean company's operations and seeks to use the data for new automobile services elsewhere.Grab provides services in 217 cities in eight Southeast Asian countries, and strengthened its business in March when it acquired Uber Technologies Inc.'s Southeast Asian operations.Global automakers face a dramatic shift …READ FULL ARTICLE
