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Business deals

Do-or-die self-driving race forces carmakers to choose allies

Toyota and SoftBank shift from partnership to capital tie-up

Clockwise from top left, the self-driving cars of Tencent, Baidu, Google's Waymo and General Motors' Cruise.   © Reuters

TOKYO -- Toyota Motor and SoftBank Group's mobility-services partnership announced Thursday marks a new phase in the race to make automated driving a reality, as automakers take the plunge on deeper information-technology tie-ups to avoid losing out to players like Google affiliate Waymo.

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