Investing a significant amount of $500 million in Uber Technologies Inc, Toyota looks forward to collaborate with the cab-service startup and work towards the creation of self-driven cars. While the two companies have not yet confirmed about any developments on this topic, the Head of Toyota Research Institute was seen quoting, “We will get there, but I can’t tell you when.” In reports for testing various features of the autonomous cars since 1999, Toyota has been really patient and has taken great caution all along the progress. As for Uber, one of the top companies providing cab services, the company is seen running in losses, even though it has grown at a rapid rate. Any further developments in the sector of self-driven cars, might come out as a source of sustaining profits and furthering its growth.

Source: Livemint

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