TOKYO (Reuters) – The self-driving car joint venture of SoftBank Corp and Toyota Motor will receive investment from a further five Japanese automakers, two sources familiar with the matter said, broadening backing for the all-Japan effort.
Mazda Motor Corp, Suzuki Motor Corp, Subaru Corp, Isuzu Motors and Toyota unit Daihatsu will each take a stake of a few percent in the venture, the sources said.
Move - Driving - Vehicles - Ructions - Industry
With the move to autonomous driving and electric vehicles creating ructions across the industry and spawning once unlikely partnerships, the venture, Monet, which is developing an on-demand self-driving service platform, hopes to help Japan’s auto industry ride the shift.
Monet, announced in October, added investment from Honda Motor Co and Toyota’s truck making subsidiary Hino...
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