Hino Motors, Toyota Motor Corp’s group truck manufacturer, and Volkswagen Truck & Bus of Germany agreed Thursday to work together on technologies such as hybrids, electric cars, autonomous driving and connectivity. Under the deal, the companies will maintain independence but executive teams will work together to map out cooperation
Hino Motors, Toyota Motor Corp’s group truck manufacturer, and Volkswagen Truck & Bus of Germany agreed Thursday to work together on technologies such as hybrids, electric cars, autonomous driving and connectivity.
Under the deal, the companies will maintain independence but executive teams will work together to map out cooperation on development of innovative technology.
The arrival of the digital age and robotics in the auto industry is pressuring automakers around the world to deliver vehicles that connect to the internet or avoid accidents automatically.
Partnerships can save costs and boost competitiveness.
