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SoftBank will provide technology to collect and analyze transportation data to ensure cars are efficiently dispatched when and where they’re needed, they said. “Toyota is hoping to increase its revenues by combining its own data with the data and expertise which SoftBank has culled from its mobile phone operations,” said Koji Endo, senior analyst at SBI Securities. “The new company will enable SoftBank to widen its partner network, and it could be hoping to take a lead in developing platforms (for new transport services).”.

A slew of automotive technology-related deals and discussions have already resulted in myriad pairings between global automakers, ride-hailing companies and major tech firms, Honda Motor (7267.T) said on Wednesday it would invest $2.75 billion and take a 5.7 percent stake in General Motors Co’s (GM.N) Cruise self-driving vehicle unit, in which SoftBank is also an investor, On the same day, Daimler AG (DAIGn.DE) and Renault SA (RENA.PA) said they may expand their cooperation to batteries, self-driving vehicles and mobility university of california bears cufflinks services..

The partnership between the two Japanese companies reflects SoftBank’s growing influence in the emerging fields of AI and autonomous driving, which has been accelerated by its investments via the almost $100 billion Vision Fund. It is also a vote of confidence from SoftBank CEO Masayoshi Son, who has been critical of Japan for lagging overseas rivals, in Toyota’s vision for the future of cars. “He has an image of the future,” Son told a media briefing, referring to Toyota President Akio Toyoda. “Automobiles are becoming a cluster of semiconductors, not screws, bolts and nuts.”.

While both firms have university of california bears cufflinks been independently developing technologies for self-driving vehicles and car sharing, and each have investments in ride-hailing firms Uber Technologies [UBER.UL] and Grab, this is first time they have come together, SoftBank is also an investor in Didi Chuxing, while Toyota has a partnership with the Chinese ride-sharing company, Toyota Executive Vice-president Shigeki Tomoyama said the partnership came after SoftBank’s widespread presence in the ride-hailing industry became apparent - it holds major stakes in the ride-hailing firms it had invested in and played a consolidating role in that industry..

SAN FRANCISCO (Reuters) - Tesla shareholder T. Rowe Price Group Inc raised its stake in the electric car maker by nearly half in the July-September quarter, according to a regulatory filing on Wednesday, an apparent vote of confidence for embattled CEO Elon Musk. A subsidiary of T. Rowe that manages the company’s mutual funds increased its investment in Tesla to 10.2 percent during a tumultuous quarter for the Palo Alto, California-based car maker, highlighted by controversial tweets by Musk about taking the company private.

The U.S, Securities and Exchange Commission sued Musk for fraud over his tweets, and the incident clouded the company’s better-than-expected quarterly results in early August, which lifted shares 16 percent in a single session, T, Rowe Price Associates held 17.4 million university of california bears cufflinks shares of Tesla at the end of September, according to a filing with the SEC, It had reported it owned 11.93 million shares, equivalent to 6.99 percent, at the end of the April-June quarter, according to data from Refinitiv..

Wall Street concerns that Musk’s statements on Twitter were distracting him from Tesla’s main business also rose during the quarter as the Tesla chief repeatedly tweeted abuse at a British cave diver involved in the rescue of 12 Thai children. T. Rowe Price is among Tesla’s largest institutional shareholders, along with Edinburgh-based Baillie Gifford & Co and U.S. fund manager Fidelity. A T. Rowe Price spokesman declined to comment about the company’s investment in Tesla.

Tesla and Musk have agreed to pay $20 million each to financial regulators to settle charges by the SEC that Musk misled investors, As part of the agreement, Musk will step down as the company’s chairman but remain as chief executive officer, After Musk took to Twitter last Thursday to mock the SEC, Tesla’s stock fell 7 percent, It university of california bears cufflinks has lost a quarter of its value since the end of June and is at a six-month low, Tesla shares were down 1.79 percent at $258.10 on Wednesday, Tesla has been struggling to ramp up production of its Model 3 sedan as older automakers including General Motors and BMW prepare their own offerings of electric vehicles..



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