On May 9, Japanese corporations Toyota Motor and Panasonic signed an agreement on the creation of a joint venture that will be engaged in the introduction of mobile technologies in cities. In a joint statement, the companies said that the new company, in which they would have equal shares of 50% each, would be able to implement Toyota’s initiatives in providing mobile services and Panasonic’s initiatives on updating urban lifestyle. Its activities will contribute to the growth and development of cities, improving their living standards. Faster implementation of Internet of Things technology is planned. In addition, mobility such as CASE, which represents connected autonomy, and MaaS, which provides IT services for connecting various vehicles, including public transport, will be developed. The companies also plan to integrate already operating divisions, which will allow them to strengthen their positions in the market of “smart” cities.
S&P and Nasdaq close on record gains amid hopes on new China stimulus19.02.2020
EU to propose plans to boost European firms and compete with U.S. tech giants18.02.2020
Hang Seng and Nikkei underperform after Apple’s revenue warning14.02.2020
Japanese policymakers prepare for Q4 GDP decline and virus risks