Toyota and Panasonic to merge housing businesses

Japanese giants will create joint venture for 'connected' homes and vehicles

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The merger will combine the strengths of the two companies to take advantage of the internet of things for new housing and mobility services.

Nikkei staff writers

TOKYO -- Toyota Motor and Panasonic will merge their housing businesses into a joint venture next year to develop connected homes and services for next-generation vehicles, the companies announced on Thursday.

Both companies see opportunity in the internet of things, or IoT, which connects home appliances, vehicles and other devices via the internet.

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