Four of Toyota groups companies form a Joint Venture to build self-driving technologies
Updated September 18, 2018
On Friday, August 24th, as per the report from Nikkei business daily, Toyota Motor Corp one of the world largest automakers have formed a joint venture of four of its group’s firms and would combine their self-driving technologies to compete with companies like Bosch Group.
This new joint venture would be set up by Aisin Seiki Co., Advics, Aisin Seiki Co. and Denso Corp. and together they would bring braking and steering technologies.
Denso Corp. would be a major shareholder in the new company.
Nikkei stated that the company should be launched by the end of this year and would supply most of the components to Toyota. The company would also target automakers from the Chinese, European and U.S market.
Categories: Automotive News