Daily Management Review

Toyota Motor Corp Combines Four Group Firms To Improve Self-Driving Technology


08/27/2018


In a battle among staying ahead in the automotive industry, Toyota unites four of its group firms to strengthen itself.



In an attempt to compete better with the “automotive component giants” like Bosch Group, Toyota Motor Corp will bring four of its group firm in a “joint venture”, wherein they will combine their “self-driving technologies”, reported the “Nikkei business daily”.
 
The above mentioned company will be formed by Denso Corp, Aisin Seiki Co, Jtekt Corp and Advics, as they will combine their technologies like steering and braking among others, while Denso is likely to have the “majority stake” in the new one.
 
Furthermore, Nikkei reported that the launch of the new firm is scheduled to be by this year end, while its primary function will be to supply Toyota besides targeting “European, U.S. and Chinese automakers”. Nevertheless, Reutes also informed that:
“Denso, Aisin and Jtekt declined to comment when contacted by Reuters. Representatives for Advics could not be immediately reached for comment”.
 
References:
reuters.com







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?