10:23 AM EDT, 06/10/2026 (MT Newswires) -- (Updates with Tier IV's response in the fourth paragraph.)

Toyota Motor ( TM ) has formed a capital and commercial partnership with Japanese autonomous driving startup Tier IV, Nikkei Asia reported late Tuesday, citing internal information.

The automotive group bought a 1% interest in the startup for an estimated 1 billion yen ($6.2 million) through its Toyota Invention Partners unit, the report said.

The manufacturer plans to use Tier IV's technology to implement Level 4 autonomous capabilities into its e-Palette electric shuttle vehicle by fiscal 2027, the report said.

Toyota Motor ( TM ) did not immediately respond to MT Newswires' request for comment, while Tier IV declined to comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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