Hino, VW partner on hybrids, autonomous drive, technology
TOKYO (AP) — Hino Motors, Toyota Motor Corp.'s group truck manufacturer, and Volkswagen Truck & Bus of Germany agreed Thursday to work together in a partnership on technologies like hybrids, electric cars, autonomous driving and connectivity.
Under the deal, each company will maintain independence, but executive teams will work together to map out cooperation on innovating technology and leveraging market positions.
The arrival of the digital age and robotics in the auto industry is pressuring automakers around the world to deliver to customers vehicles that connect to the net or avoid crashes automatically.
Partnerships can save costs and boost competitiveness.