Toyota and Panasonic Establish Joint Venture in Urban Development Business
May 9, 2019, Tokyo, Japan - Toyota Operating Officer Masayoshi Shirayanagi, left, and Makoto Kitano, senior managing executive officer of Japan 's Panasonic, shake hands during a news conference in Tokyo on Thursday, May 9, 2019, announcing the establishment of a joint company to Toyota and Panasonic will set up a new company early next year to focus on technology that could be used in homes and urban development. Toyota and Panasonic will set up a new company early next year to focus on technology that could be used to offer personalized services in the home. (Photo by Natsuki Sakai/AFLO) AYF -mis-