TOKYO (dpa-AFX) - Toyota Motor Corp. (TYT.L, TM) and Alphabet-owned Waymo have agreed to work together on developing self-driving car technology. Woven by Toyota, a company that focuses on advanced software and mobility, will also be part of this possible partnership. This potential partnership is built on a shared vision of improving road safety and delivering increased mobility for all, the companies said in a statement.
Toyota and Waymo aim to combine their respective strengths to develop a new autonomous vehicle platform. In parallel, the companies will explore how to leverage Waymo's autonomous technology and Toyota's vehicle expertise to enhance next-generation personally owned vehicles. The details of their collaboration are still being worked out and may change as discussions continue.
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