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Toyota to invest USD 3 bln to create software for autonomous vehicles

Monday 5 March 2018 | 08:28 CET | News

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Toyota Motor said it will invest nearly USD 3 billion in cooperation with two local automotive components manufacturers to build software for autonomous cars, writes the Wall Street Journal. Together with Denso and Aisin Seiki, Toyota will create a new Tokyo-based company called Toyota Research Institute-Advance Development. The companies said they would invest JPY 300 billion (USD 2.8 billion) in it. The company will start with around 300 employees and will reach around 1,000 staff.

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Categories: General
Companies: KDDI / NTT / Nvidia
Countries: Japan
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