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Toyota to form $2.8 billion venture with group companies for self-driving R&D

TOKYO (March 2): Toyota Motor Corp and group suppliers Denso Corp and Aisin Seiki Co said on Friday they would form a joint venture for researching and developing automated-driving technology, investing more than 300 billion yen ($2.8 billion).

The Tokyo-based venture will be formed later this month and aim to employ about 1,000 workers, including new hires, the companies said in a statement.

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