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Business deals

Honda joins Toyota-SoftBank mobility alliance

Carmakers and 88 other companies team up on new services

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

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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