Toyota Motor Vs Tesla & General Motors: Invests In Autonomous Technology

Toyota Motor Vs Tesla & General Motors: Invests In Autonomous TechnologyToyota motor company invested in Silicon Valley for autonomous technology to compete against leading automakers Toyota Motor Corp (NYSE:TM) plans to spend $1 billion in Silicon Valley as a strategy to enter into self- driven car market. It has already invested in research and development for autonomous cars. Some other automakers are already pouring money into self-driving technology. Alphabet Inc. (NASDAQ: GOOGL) has already invested in research of autonomous cars. However Toyota’s investment is one of the largest in Silicon Valley; it has a five- year investment plan. Toyota Research Institute will work under Gill Pratt, a tech expert. Research Institute will also work on robotics and advanced products for vehicles. President Toyota Akio Toyoda said: “This is the first…


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