Toyota and Uber snuggle up
OREANDA-NEWS. May 25, 2016. With car usage trends changing due the growing popularity of ride-sharing and car-sharing around the world, Toyota and Uber have entered into an agreement where the two companies will investigate developing a strategic partnership, and new mobility services for customers. The agreement also calls for Toyota to make an investment in Uber, but financial details of the deal haven't been released.
In addition, Toyota will roll out new lease options where customers can pay for their vehicle's lease through earnings garnered as Uber drivers. Lease periods will be flexible, and tailored around a particular driver's needs. This builds on top of Uber's current Vehicle Solutions program where partners can take advantage of other exclusive leases that include maintenance, discounts on new vehicle purchases and special financing offers from participating lenders.
"Ride-sharing 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 of Toyota.