Toyota, SoftBank to team up on automated driving, new mobility

Masayoshi Son, the richest man in Japan, shared the stage with Toyota President Akio Toyoda to announce the deal in a rare joint appearance by two of Japan's top captains of industry. (Reuters)

October 03, 2018 05:00 AM

TOKYO -- Toyota and Japanese tech conglomerate Softbank will jointly fund a new mobility company that combines autonomous driving and ride-hailing with on-demand retail shopping delivered to people’s doorsteps by vehicles such as Toyota’s futuristic e-Palette.

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