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joint venture

Volvo and Daimler Truck launch joint venture to develop software-defined vehicles

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Volvo Group and Daimler Truck, two of the leaders in the commercial vehicle industry, announce the launch of Coretura AB, their joint venture aimed at “transforming the commercial vehicle industry through a new software-defined vehicle platform and establishing a new industry standard”.

Coretura will enable Volvo Group and Daimler Truck and other future customers to provide differentiating stand-alone digital vehicle applications for their products.

Following the binding joint venture agreements signed on October 28, 2024, Volvo Group and Daimler Truck have obtained all required regulatory approvals and have now launched the new company Coretura. [Read more…] about Volvo and Daimler Truck launch joint venture to develop software-defined vehicles

Sumitomo and Dexterity establish joint venture in Japan

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Sumitomo, one of the world’s largest trading companies, and Dexterity, an AI and robotics company, have created Dexterity-SC Japan, a new joint venture focused on accelerating the adoption of AI-powered intelligent robotic solutions for warehouse, supply chain, logistics, and other labor intensive industrial operations.

Building on a successful distribution agreement between the two companies in 2022, the newly formed Dexterity-SC Japan will sell, market, localize, and provide financing options for AI-powered robotic solutions.

These solutions will leverage cutting-edge AI technology and intelligent robotics to solve the most complicated, dynamic material handling challenges in industrial settings. [Read more…] about Sumitomo and Dexterity establish joint venture in Japan