Toyota invests in U.S. car-sharing service

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Toyota Motor Corp on Friday said it has invested in U.S. car-sharing company Getaround, a move that comes as global automakers seek to shore up their presence in new technology sectors amid growing competition from transport startups. The world's biggest-selling automaker confirmed in an email to Reuters that it has invested in the San Francisco-based start-up through its investment fund, Mirai Creation Investment Limited Partnership, but declined to offer further details. Earlier on Friday, Japan's Nikkei newspaper reported that Getaround was believed to have received around $10 million from the fund.

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