Mexican Media Brands
Toyota, Panasonic Forming JV for “Connected” Homes, Cars
Toyota Motor Corp. and Panasonic Corp. plan to merge their town development businesses in January into a joint venture to develop connected services for homes and vehicles.
Share
Toyota Motor Corp. and Panasonic Corp. say they will merge their town development businesses in January into a joint venture that will develop connected services for homes and vehicles.
Called Prime Life Technologies Corp., the new company will apply Internet of Things technology to integrate household devices with advanced personal mobility services. the companies say that Mitsui & Co. may become an equity participant in the Tokyo-based venture.
The companies predict that new approaches to personal mobility, coupled with dramatically expanded connectivity, will redefine the attractiveness of cities in terms of service infrastructure rather than location.
Toyota President Akio Toyoda says his aim for the venture is to provide “a new kind of lifestyle” for “smart” cities that involves connected cars, public transportation and housing. Panasonic President Kazuhiro Tsuga says the partnership will “offer new value in everyday life.”
RELATED CONTENT
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
-
Choosing the Right Fasteners for Automotive
PennEngineering makes hundreds of different fasteners for the automotive industry with standard and custom products as well as automated assembly solutions. Discover how they’re used and how to select the right one. (Sponsored Content)
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
