Japanese bank Sumitomo Mitsui Banking Corp

Toyota to Invest in Ride-Hailing App Uber

Toyota is investing in Uber, making it the latest car company to put money in a ride-hailing app. The Japanese company did not say how much the investment is worth. As part of the deal, Uber drivers can lease Toyota vehicles with money earned from their driving. Investing in cab-hailing services can be a way for automakers to sell more…