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New Toyota tech unit promises world's safest drive - Vimarsana News

New Toyota tech unit promises world's safest drive

3 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo TOKYO (Reuters) - Toyota Motor Corp unveiled its Woven Planet research unit at a virtual media event on Friday, promising to deliver the world’s “safest mobility” as competition heats up to develop self-driving and connected cars. In the online presentation, dubbed “The Genesis”, Woven Planet executives provided few hints into specific features in the pipeline, but said a new assisted-driving system would be mounted on the company’s passenger cars b...

Toyota's Woven Planet holds $800 million for investment in new tech - Vimarsana News

Toyota's Woven Planet holds $800 million for investment in new tech

Toyota's Woven Planet holds $800 million for investment in new tech Print TOKYO -- Woven Planet, Toyota's high-tech spinoff, has established a $800 million investment fund to cherry pick up-and-coming technology companies around the world. The fund, named Woven Capital, was outlined Jan. 29 in a kickoff event for the Woven Planet venture that included an overview of the new company's upcoming products and strategies. Among the announcements was the Feb. 23 groundbreaking for its Woven City town of tomorrow. James Kuffner, the American CEO of Woven Capital and a director at Toyota Motor, outli...