Toyota announces new company dedicated to self-driving vehicles

Toyota on Friday announced it’s forming a new research company devoted to developing software for autonomous-driving vehicles.

Toyota announced Friday it's forming a new company, entirely dedicated to creating and manufacturing software for self-driving vehicles File Photo by Brian Kersey/UPI | License Photo
Toyota announced Friday it’s forming a new company, entirely dedicated to creating and manufacturing software for self-driving vehicles File Photo by Brian Kersey/UPI | License Photo

The new company, Toyota Research Institute – Advanced Development, will address in-house manufacturing of software for self-driving cars, a Toyota statement said.

The company will be joined by Japanese vehicle component companies Aisin Seiki and Denso in developing the software. The companies recently signed a memorandum of understanding, to lead to formal contracts and the choice of a location in Tokyo for its facilities.

Toyota said the three companies will invest $2.8 billion in the project, which is meant to streamline the development pipeline from design to manufacturing.

The new division will start with 300 employees, with plans to hire up to 1,000.

“Building production-quality software is a critical success factor for Toyota’s automated driving program,” said Dr. James Kuffner, CEO of Toyota Research Institute. “This company’s mission is to accelerate software development in a more effective and disruptive way, by augmenting the Toyota Group’s capability through the hiring of world-class software engineers.”

Toyota Research Institute was established in 2016 in the United States to conduct research on artificial intelligence, robotics and automated driving.

By Ed Adamczyk