Toyota, SoftBank setting up mobility services joint venture
(World News Science)

TOKYO (AP) - Japan`s No. 1 automaker Toyota Motor and technology giant SoftBank Group are setting up a joint venture to create mobility services in what they called a `united Japan` effort to face global competition. The 2 billion yen ($20 million) venture, Monet Technologies Corp. is meant to be running by the end of March. It will work on on-demand vehicle services, food deliveries, data analysis and hospital shuttles with onboard medical exams, the companies said Thursday in a news conference at a Tokyo hotel. `Many of you here may be asking why Toyota and SoftBank?` Toyota Chief Executive Akio Toyoda said of the odd-couple union of an old-style manufacturer with a relative newcomer like...