Technology

Toyota Halved Stake in Uber Following Self-Driving Unit Sale

Toyota Motor Corp. sold about half of its Uber Technologies Inc. shares after the US mobility company carved out its self-driving division.

Toyota held about 5.13 million shares of Uber in the fiscal year ended March, half the amount it reported the previous year, according to a securities filing Thursday. Toyota reported Uber holdings valued at 22.4 billion yen ($165 million), down from 61.9 billion yen a year earlier.