Toyota Motor to invest $500 million in Uber's self-driving technology

Toyota Motor is investing $500 million more in Uber Technologies underscoring the Japanese automaker’s efforts to catch up on self-driving technology as General Motors and Alphabet’s Waymo lead the race to upend the industry.

As part of the accord announced Monday, Toyota plans to manufacture Sienna minivans loaded with Uber’s software, with testing slated to begin on Uber’s ride-sharing network in 2021. 

Toyota’s stake is set to value the ride-hailing company at $72 billion, according to a person familiar with the matter, who asked not to be identified because the details are private. 

The 81-year-old manufacturer is accelerating a push to transform into