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Uber logo on a car. Photo: Smith Collection/Gado/Getty Images

Toyota is investing $500 million in Uber as part of a deal to jointly develop self-driving car technology, as the Wall Street Journal first reported and Uber later confirmed. Toyota first invested in the ride-hailing company in 2016.

Why it matters: Uber has had a bumpy ride with its self-driving car efforts. It spent a year in court fighting claims by Google's Waymo that a company Uber acquired stole its trade secrets. Earlier this year, the company also suspended its autonomous vehicle testing after a car struck and killed a pedestrian in Arizona.

More: As part of the deal, the companies will outfit a number of customized Toyota Sienna minivans with their self-driving car tech. These cars will be operated by a third-party, though they'll be accessible via Uber's ride-hailing network.

The story has been updated with Uber's confirmation of the deal and additional details.

Go deeper

Updated 2 hours ago - Health

DeSantis issues order barring Florida schools from mandating masks

Photo: Michael Reaves via Getty Images

Florida Gov. Ron DeSantis (R) on Friday issued an executive order that bars local school districts from requiring students to wear masks when they return to the classroom next month.

Why it matters: The spread of the Delta variant has led to a spike in new infections across the United States, triggering another round of debate about COVID guidelines in schools.

Updated 3 hours ago - Economy & Business

More corporations are requiring workers to get vaccinated

Graphic: Axios Visuals

Life for the unvaccinated could get more difficult as bosses increasingly move to make COVID-19 vaccines mandatory.

The big picture: The federal Government in May said that it is legal for companies to require employees to get vaccinated for coronavirus.

Updated 4 hours ago - Politics & Policy

DOJ sues Texas over restrictions on undocumented migrant travel

Photo: Samuel Corum-Pool via Getty Images

The Justice Department sued Texas on Friday over Gov. Greg Abbott's (R) executive order restricting transportation of undocumented migrants.

Driving the news: The DOJ is asking a federal judge to block the order immediately. It's the latest clash between Texas and President Biden's Justice Department.

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