Ron Burgundy Posted December 12, 2016 Share Posted December 12, 2016 Southeast Asian ride-hailing service Grab disclosed on Monday that Japan's Honda Motor Co had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services. This is the latest tie-up of its kind in the auto industry, where carmakers such as Volkswagen , Toyota Motor Corp and General Motors have also struck deals with ride-sharing firms to hedge against a shift in the vehicle market away from private ownership. Grab, the biggest rival to ride-sharing service Uber Technologies Inc [uBER.UL] in Southeast Asia, said Honda had agreed to invest an undisclosed amount in the firm, and the two would form a partnership to develop the ride-sharing technology and related driver education programs. View the full article Quote Link to comment Share on other sites More sharing options...
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