Toyota group firms to set up JV for self-driving technology
27/08/2018 09:30
TOKYO, Aug 27 (Reuters) - Four Toyota Motor Corp 7203.T
group companies said on Monday they will form a joint venture to
develop software that manages brakes, steering and other
components for automated driving.
Advics, Aisin Seiki Co 7259.T , Denso Corp 6902.T and
Jtekt Corp 6473.T aim to launch the company in March 2019 with
Denso to be the biggest stakeholder, owning 65 percent, they
said in a joint statement. https://bit.ly/2wh6DoJ
The Nikkei business daily had flagged the deal last week.
urn:newsml:reuters.com:*:nL3N1VF3L4
In addition, Aisin and Denso said they would set up a 50-50
joint venture to develop and sell electrification driving
modules. They will focus on modules for hybrids, plug-in
hybrids, fuel cell vehicles and electric vehicles, especially in
China. https://bit.ly/2NjMEMx
(Reporting by Chris Gallagher and Taiga Uranaka, Editing by
Sherry Jacob-Phillips)
((chris.gallagher@thomsonreuters.com; https://twitter.com/ChrisGallagher4
; 81-3-6441-1842; Reuters Messaging:
chris.gallagher.thomsonreuters.com@reuters.net))