ISUZY - Toyota and Isuzu Motors in commercial truck tie-up

Japanese automakers Toyota (TM), Isuzu Motors (ISUZY) and Hino Motors (HINOY) are setting up a commercial vehicle partnership to develop electric, hydrogen, connected and autonomous driving technologies.Under the terms of the deal, Toyota and Isuzu Motors will each take a 4.6% stake in each other.While working together on BEVs and FCEVs to reduce vehicle costs, the three companies plan to advance infrastructure-coordinated societal implementation.The three companies control about 80% of the Japanese truck market.Related: Massive EV disruption to test investors.

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Toyota and Isuzu Motors in commercial truck tie-up