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Business

Toyota confronts auto evolution with 'connected' strategy

Maker pioneers mobility service platforms as profits shift from unit sales

The JPN Taxi is a central part of Toyota's connectivity strategy.

NAGOYA/TOKYO -- The auto industry is undergoing a period of unprecedented change.

Not only are connectivity, electrification, autonomous vehicles and ride sharing changing how people move, they are causing a seismic shift in how automakers make money.

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