Toyota is establishing a new company to develop autonomous driving technologies and says it will invest almost $3 billion into it.
The new company will be based in Tokyo and will start operating later this month. It will be named “Toyota Research Institute-Advanced Development” (TRI-AD), and will accelerate the company’s efforts in “advanced development for automated driving”.
To enable the new efforts at TRI-AD, Toyota Motor Corporation, Aisin Seiki, and Denso have reached a provisional agreement on the joint development of fully-integrated, production-quality software for automated driving. [Read more…] about Toyota to invest $3 billion in driverless car company