, Columnist
Grab Should Beware of Carmakers Bearing Cash
Toyota’s $1 billion investment in the ride-hailing service is nice. Abandoning an asset-light model isn’t.
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Grab Holdings Inc. seems pretty pleased with itself at nabbing a $1 billion investment from Toyota Motor Corp.
The idea isn’t new – Toyota pumped in a small amount last year – but this is the biggest financing by a car company of a ride-hailing service.