Sumitomo Electric Industries, Denso Corporation, Aisin Seiki and Toyota have announced a joint venture to share technology in a brake development and sales operation. Aisin Seiko will hold 40% of share, each of the other contributors taking 20% each. The new products will address requirements of ABS, Vehicle Stability Control, and the need for regenerative brake systems in hybrid and electric vehicles. Operations are due to begin in October 2001 with a sales target of 250 billion yen in 2005.