Applied Intuition and Isuzu Motors Ltd. Enter Strategic Partnership to Develop Autonomous Commercial Trucks [Yahoo! Finance]
ISUZU MOTORS UNSP/ADR (ISUZY)
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Source: Yahoo! Finance
MOUNTAIN VIEW, Calif. and YOKOHAMA, Japan Aug. 26, 2024 /PRNewswire/ -- Applied Intuition, Inc. , a Silicon Valley-based vehicle software supplier, and Isuzu Motors Ltd., a Japan -based manufacturer of commercial vehicles, today announced a strategic partnership to accelerate Isuzu Motors Ltd.'s plan to develop and offer autonomous trucking solutions. The partnership will usher in strong economic and social impacts by optimizing commercial logistics, directly addressing recent concerns surrounding critical driver shortages. Truck driver overwork is a major public health issue in Japan — nearly 84% of drivers face related health problems. Recent studies showed truck drivers accounted for 34.3% of overwork-related deaths. In response, the Japanese government revised its Labor Standards Law, capping annual work hours at 3,300 hours, including breaks. This has raised concerns about driver shortages in an industry already anticipating a 36% decline in drivers by 2030. Known as "The 2024
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