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Amazon and Toyota team up

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Self-driving cars represent the future for Toyota

The week debuted with a deal between the carmaker Toyota and Amazon. The agreement aims to help Toyota develop cloud-connected vehicles. 

The automaker will start to install data communication modules in all new cars that will be sold in the US, Japan, and China by the end of 2020. After that, both companies will analyze the collected data using the Amazon Cloud unit.

This partnership comes somehow unexpected, as Toyota worked with Microsoft’s Azure platform since 2011. Currently, it is working with AWS and some of its subsidiaries. 

As self-driving cars seem to be the future, Toyota wants to take advantage of its AWS collaboration to develop connected vehicles before the 5G technology becomes global. 

However, Toyota is not the first company from the automotive sector to make such a deal. Volkswagen expanded its partnership with AWS to develop cloud-based software, which will allow customers to buy and sell industrial applications. 

Read more about the latest collaborations on CAPEX.com! 

Sources: reuters.com, asia.nikkei.com 

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.