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Business deals

Toyota and Panasonic to merge housing businesses

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

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 | Japan

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.

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