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Suzuki, Daihatsu Join Toyota EV Lorry Venture: Bloomberg

(AF) Toyota Motor’s electric bus and lorry division is to receive backing from Suzuki Motor and Daihatsu Motor as it seeks to electrify commercial vehicles, Bloomberg News reported.

Isuzu Motor and Hino Motors already back the firm, called Commercial Japan Partnership Technologies, the report stated, adding that the collaboration also wants to develop autonomous driving systems for the vehicles. Full story: Bloomberg News.

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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