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Woven Planet Holdings, a Subsidiary of Toyota Motor Corporation, Closes Acquisition of Lyft's Level 5 Division TOKYO, Jul 20, 2021 - (JCN Newswire) - Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation, announced the closing of the acquisition of Level 5, the self-driving division of Lyft, Inc. ("Lyft"), a proposed transaction previously announced in April 2021. This marks the first acquisition for Woven Planet, a group that is focused on mobility innovations and investments in automated driving, robotics, smart cities, and more. With the acquisition in pla...

Eimi YamamitsuMaki Shiraki 5 minute read Toyota Motor Corp's logo on Estima Hybrid model is pictured at its headquarters in Tokyo, Japan, February 6, 2017. REUTERS/Kim Kyung-Hoon TOKYO, July 15 (Reuters) - Toyota Motor Corp's (7203.T) research arm said on Thursday it acquired U.S.-based Carmera, a provider of maps and data for driverless vehicles, marking the Japanese car maker's latest investment in autonomous technology. The purchase, through newly created subsidiary Woven Planet for an undisclosed sum, underscores Toyota's push to bulk up its self-driving arsenal as traditional automakers...

In this Jan. 30, 2019, file photo, James Kuffner, then Toyota Research Institute Advanced Development CEO, speaks during a workshop in Tokyo. (AP Photo) Toyota plans to hire more people and invest heavily in its subsidiary Woven Planet to work on mobility technology so the Japanese automaker stays competitive amid the global shift to using artificial intelligence and robotics in everyday driving. “Toyota’s traditional strength in hardware is something we never want to lose. To make safe mobility we need both, great hardware and great software,” Woven Planet Holdings Chief Executive Jame...

Jul 15, 2021 Toyota Motor Corp.’s software and technology arm plans to embark on an ambitious hiring and acquisition spree as automakers globally jostle for pole position in the race to develop smart cars that will one day drive themselves. James Kuffner, CEO of Woven Planet Holdings Inc. — the unit charged with leading the world’s largest carmaker through an era in which the lines between technology and automobiles are increasingly blurred — said he’s looking to “double or quadruple the size of the company in the next couple of years.” “And so that means organic and ...

By Syndicated Content By Eimi Yamamitsu and Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp said on Thursday it acquired U.S.-based Carmera, a provider of maps and data for driverless vehicles, marking the Japanese car maker’s latest investment in autonomous technology. The purchase, through newly created subsidiary Woven Planet for an undisclosed sum, underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers compete with the autonomous ambitions of tech giants including Apple and Amazon. Buying Carmera will give Toyota access to real-...