Isuzu and TIER IV Form Capital and Business Alliance
TOKYO, March 5, 2024 /PRNewswire/ -- Isuzu Motors Limited (headquartered in Yokohama, Kanagawa, Japan; President and COO: Shinsuke Minami; hereinafter Isuzu) and TIER IV, Inc. (headquartered in Nagoya, Aichi, Japan; Founder, CEO and CTO: Shinpei Kato; hereinafter TIER IV) have agreed to form a capital and business alliance for the development of autonomous driving systems for route buses. In this tie-up, Isuzu will invest six billion yen (approximately 40 million US dollars) in TIER IV.
- TOKYO, March 5, 2024 /PRNewswire/ -- Isuzu Motors Limited (headquartered in Yokohama, Kanagawa, Japan; President and COO: Shinsuke Minami; hereinafter Isuzu) and TIER IV, Inc. (headquartered in Nagoya, Aichi, Japan; Founder, CEO and CTO: Shinpei Kato; hereinafter TIER IV) have agreed to form a capital and business alliance for the development of autonomous driving systems for route buses.
- In this tie-up, Isuzu will invest six billion yen (approximately 40 million US dollars) in TIER IV.
- Isuzu and TIER IV have reached an agreement to develop autonomous driving systems and expand business initiatives in the route bus sector.
- Through this partnership, Isuzu and TIER IV are committed to leading innovation in the autonomous driving segment, bringing a broad range of benefits to society.