Toyota, Uber to develop driverless vehicles: report

Toyota, Uber to develop driverless vehicles: report

Uber and Toyota are partnering to develop driverless cars, The Wall Street Journal reported Monday.

Toyota will invest about $500 million in Uber as part of the agreement between the two companies, according to the Journal. Toyota's investment values the ride-hailing firm at $72 billion.

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Uber has previously tested its self-driving cars in Arizona and California. The company suspended all of its testing on public roads, however, after a self-driving Uber vehicle struck and killed a pedestrian in Arizona earlier this year.

The vehicle misidentified the pedestrian prior to hitting her, according to a preliminary report from the National Transportation Safety Board (NTSB) published in May. The vehicle initially detected the woman as “an unknown object,” then a vehicle and then a bike.

Toyota also halted its self-driving testing on public roads in the United States after the wreck.