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Big automakers teaming up with ride-hailing apps

Toyota announced an investment in Uber, the leading car-hailing app in the U.S., as consumers' buying and riding habits are changing.

NAGOYA/FRANKFURT -- Global automakers are increasingly teaming up with ride-hailing services in a bid to secure revenue as consumers' buying habits are changing in an app-fueled, ride-booking world. 

On Wednesday, Toyota Motor said it will partner with Uber Technologies, the leading American ride-hailing app provider, through capital and business alliances. Germany's Volkswagen plans to invest $300 million in Gett, an Israeli startup that operates a similar taxi service in the U.S. and Europe.

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