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Automobiles

Toyota-SoftBank self-driving venture adds 5 Japanese automakers

Mazda and Subaru among those joining partnership for on-demand rides

Hailing rides in self-driving vehicles via smartphone is one of the services Monet Technologies is developing. (Photo by Koji Uema)

TOKYO -- Five more Japanese automakers look to participate in an effort to develop next-generation transportation services led by Toyota Motor and SoftBank Group, uniting much of the country's auto industry in the pursuit.

Mazda Motor, Suzuki Motor, Subaru, Daihatsu Motor and Isuzu Motors will invest in Monet Technologies, a joint venture announced by Toyota and SoftBank in 2018. Monet aims to provide services such as on-demand rides in self-driving vehicles in Japan.

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