Toyota, SoftBank tie up in developing driverless car services

Toyota Motor Corp. and SoftBank Corp. said Thursday they have tied up to develop services using self-driving vehicles and other advanced automotive technologies, the latest example of a carmaker joining hands with an IT firm in the fast-evolving auto industry.In the first alliance between Japan's auto and technology giants, they will set up a joint venture by next March that will aim to offer services such as meal deliveries and hospital shuttles using autonomous vehicles.SoftBank will own a 50.25 percent stake and Toyota a 49.75 percent stake in the venture named Monet Technologies Corp., …READ FULL ARTICLE