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Daimler, Toray to brief on joint development

TOKYO, Jan 24 (Reuters) - Daimler AG and Toray Industries , Japan's top maker of synthetic fibers, said they would hold a news conference at 0700 GMT on Monday to discuss a further tie-up in vehicle weight reduction technology.

Last April, the two companies signed a joint development agreement in the area of vehicle weight reduction, where competition is intensifying as automakers aim to boost fuel efficiency in their cars. (Reporting by Chang-Ran Kim)