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Uber Technologies, Inc. (UBER)

NYSE - Nasdaq Real-time price. Currency in USD
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23.03+0.66 (+2.95%)
At close: 04:00PM EDT
23.20 +0.17 (+0.74%)
Pre-market: 05:31AM EDT
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  • Reuters

    Toyota cuts stake in Uber by half, looks to maintain ties

    "The development of vehicles related to automated driving was one of the main objectives of Toyota's investment," Toyota spokesperson Shiori Hashimoto said in a statement, adding that the company still aims to maintain their alliance. The world's largest car maker by volume held 5.13 million shares of Uber as of March 31, down from the 10.25 million shares it owned a year earlier, Toyota revealed in a regulatory filing on Thursday. The Japanese automaker valued its current stake in Uber at 22.4 billion yen ($165.51 million).