Volkswagen and Toyota Truck Units Team Up on Electrification
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Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel-cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.
The new initiative between VW’s Traton and Toyota’s Hino expands a purchasing collaboration forged two years ago and will include components, electric-vehicle underpinnings and software, the companies said Wednesday in a joint statement.