Isuzu and TIER IV Form Capital and Business Alliance [Yahoo! Finance]
ISUZU MOTORS UNSP/ADR (ISUZY)
NASDAQ:AMEX Investor Relations:
isuzu.co.jp/world/investor/index.html
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Source: Yahoo! Finance
Yokohama , Kanagawa, Japan ; President and COO: Shinsuke Minami ; hereinafter Isuzu) and TIER IV, Inc. (headquartered in Nagoya , Aichi, Japan ; Founder, CEO and CTO: Shinpei Kato ; hereinafter TIER IV) have agreed to form a capital and business alliance for the development of autonomous driving systems for route buses. In this tie-up, Isuzu will invest six billion yen (approximately 40 million US dollars ) in TIER IV. The alliance is aimed at speeding up the development and deployment of autonomous driving systems, specifically designed for route buses, with the overarching goal of delivering Level 4 autonomous driving. Isuzu and TIER IV have reached an agreement to develop autonomous driving systems and expand business initiatives in the route bus sector. Through the synergy of TIER IV's advanced technologies and Isuzu's extensive data and expertise in route buses, the companies will develop vehicles and systems compatible with Level 4 autonomous driving. Looking ahead, Isuzu en
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