Honda joins Toyota-SoftBank mobility alliance

Carmakers and 88 other companies team up on new services

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The Monet joint venture brings together three Japanese carmakers and technology investor SoftBank Corp. to promote new mobility services. © Reuters

AKANE OKUTSU and AKIHIDE ANZAI, Nikkei Staff Writers

TOKYO -- Japan's Toyota Motor and SoftBank Corp. are expanding their alliance to collect vast amounts of mobility data and create a platform they hope will become the foundation for new services, including autonomous driving.

Honda Motor and Hino Motors have signed on to the joint venture, the partners announced in a statement on Thursday.

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