Toyota says it will invest $1B in Southeast Asian ride-hailing service Grab, and a Toyota executive will be appointed to Grab's board of directors (Andrew Wong/CNBC)

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Andrew Wong / CNBC:
Toyota says it will invest $1B in Southeast Asian ride-hailing service Grab, and a Toyota executive will be appointed to Grab's board of directors& —& Japan's Toyota Motor will invest $1 billion into Southeast Asian ride-sharing app Grab, the Singapore-based company said Wednesday.

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