Toyota, Panasonic to set up company for 'connected' homes

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Toyota, Panasonic to set up company for 'connected' homesJapan's Toyota Motor Corp and Panasonic Corp said they plan to establish a joint company to develop 'connected' services to be used in homes and urban development. In their latest venture, Toyota and Panasonic said they will set up a new company early next year to focus on technology that could be used to offer personalized services in the home. The pair plan to be 50-50 partners in the new firm and will increase cooperation at their respective housing operations in Japan.

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