Toyota Invests $2.8 Billion USD to Develop Self-Driving Cars

Today, Toyota announced plans to join forces with two of its suppliers and fund a company dedicated to making the company's dream of self-driving cars a reality. Dubbed the "Toyota Research Institute-Advanced Development," or TRI-AD, it has pledged ¥300 billion JPY ($2.8 billion USD) towards the development of autonomous vehicles. Self-driving automobiles are a priority for automobile manufacturers; Lexus and Tesla recently unveiled self-driving concepts, among other companies like Volkswagon, ...