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TEHRAN, October 04 -Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals aimed at sharing costs and securing expertise in technologies which promise to drastically change the way people use cars.
TEHRAN, Young Journalists Club (YJC) -Toyota Motor Corp and SoftBank Group Corp said they would team up to develop new transport services, adding to a slew of deals aimed at sharing costs and securing expertise in technologies which promise to drastically change the way people use cars.
The news comes a day after Honda Motor Co Ltd said it would invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s Cruise self-driving vehicle unit, in which SoftBank is also an investor.
Also on Wednesday, Daimler AG and Renault said they may expand their cooperation to batteries, self-driving vehicles and mobility services.
Toyota and SoftBank do not have any major partnerships in mobility technologies at the moment, although both are developing technologies for self-driving vehicles, car sharing and other services.
Both have investments and partnerships with Uber Technologies and ride-hailing firm Grab, and Didi Chuxing.
Source: Reuters
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