Toyota to join Daimler and Volvo Group in fuel cell JV [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
signed a non-binding memorandum of understanding to collaborate in the fuel cell joint venture cellcentric. The companies intend to cooperate as equal shareholders, with Toyota joining the joint venture as a third partner. The combination of the partners' complementary expertise and know-how is intended to support and advance their shared goal of developing, producing, and marketing fuel cell systems for heavy-duty commercial vehicles and other heavy-duty applications with comparable requirements. Further, Toyota and cellcentric intend to jointly manage the development and production of individual fuel cell cells – the core component of fuel cell systems – as well as the directly related system architecture and control elements. The aim is to develop competitive products that optimally utilize the technologies of both companies. The cellcentric JV will remain a joint centre of excellence for the development, production, and marketing of fuel cell systems for heavy-duty commercia
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News
- Toyota global sales fall 2.3% in February [Yahoo! Finance]Yahoo! Finance
- Toyota Motor Corporation aims to join Volvo Group and Daimler Truck as equal shareholder in the fuel cell joint venture cellcentric [Yahoo! Finance]Yahoo! Finance
- Toyota Reports 2.3% Sales Drop as China Weakness Deepens [Yahoo! Finance]Yahoo! Finance
- Toyota's China Problem Is Getting Harder To Ignore [Yahoo! Finance]Yahoo! Finance
- Japan Stocks Fall as Oil Risk Heightens on Escalating Iran War [Yahoo! Finance Canada]Yahoo! Finance Canada
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