The companies didn't announce any timelines, but Toyota could be setting the stage for future vehicle announcements, be it EVs or gas-powered cars.

Toyota Motor and Alphabet's Waymo said on Wednesday they will explore collaborating on the development of a new autonomous vehicle platform and ways to enhance next-generation personally owned vehicles (POVs).

U.S.-based Waymo is teaming up with Japan-based Toyota as part of a "strategic partnership" to advance self-driving vehicle technologies. In a blog post this week, the autonomous driving technology company Waymo announced it had reached a preliminary ...