Toyota is spending $2.8 billion on self-driving car technology - Rickey J. White, Jr. | RJW™
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Toyota is spending $2.8 billion on self-driving car technology

02 Mar Toyota is spending $2.8 billion on self-driving car technology

Posted at 05:44h in Popular Newsfeed by
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The car giant is forming a venture called Toyota Research Institute-Advanced Development with suppliers Denso Corp and Aisin Seiki to develop automated-driving software, reports Reuters. 1,000 employees will work on the venture, with 90% of it held by Toyota and 5% each held by Denso and Aisin Seiki. Toyota’s move comes after tech companies like Waymo and Tesla are increasingly seen as out-innovating traditional automakers, especially when it comes to electric and self-driving vehicles.


Source: Fast Company

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