to develop electric vehicles.
Toyota, Mazda team up on electric vehicles
Toyota and Mazda agreed in August to a capital tie-up
Tokyo - Muslimchronicle
Japanese auto giant Toyota said Thursday it was teaming up with Mazda and parts-maker Denso in a new joint venture to develop electric vehicles.
The move came as Toyota, producer of bestselling hybrid vehicle Prius, steps up efforts to develop clean technologies, including electric vehicles and plug-in hybrid systems that use both petrol and electricity as energy sources.
Joint research -- sharing cost, engineers and knowledge -- is necessary to meet increasingly stringent but varying environmental standards around the world, the three firms said in a joint statement.
"With (electric vehicles) yet to find widespread market acceptance, the huge investments and time required to cover all markets and vehicle segments is a pressing issue for individual automakers," the statement said.
Toyota will take a 90-percent stake in the venture, to be launched next month in the central city of Nagoya, near the automaker's headquarters.
Toyota and Mazda agreed in August to a capital tie-up to facilitate joint development of electric vehicles.
source: AFP
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
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