STREAMING NOW: Watch Now

Toyota will invest billions in new self-driving car company

Toyota is stepping on the gas to develop a commercially viable autonomous car.The Japanese automaker announced...

Posted: Mar 2, 2018 12:05 PM
Updated: Mar 2, 2018 12:05 PM

Toyota is stepping on the gas to develop a commercially viable autonomous car.

The Japanese automaker announced Friday it is joining forces with two of its suppliers to form a new company dedicated to the research and development of self-driving vehicles.

The Toyota Research Institute-Advanced Development plans to invest 300 billion yen ($2.8 billion), with the main goal of developing "production-quality software" for automated driving.

Toyota will own 90% of the company.

Related: Volkswagen and Hyundai get serious about self-driving car tech

It will start off with 300 employees, eventually rising to 1,000.

"This company's mission is to accelerate software development in a more effective and disruptive way," James Kuffner, CEO of the new company said in a statement.

Developing reliable software for the futuristic cars remains a key technological hurdle, as evidenced by the messy trade secrets lawsuit waged between Google's self-driving venture Waymo and ride hailing start-up Uber.

Related: GM: Self-driving cars are our next big thing

Toyota is just the latest major carmaker to pour big money into self-driving technology.

Volkswagen and Hyundai both recently struck deals with Silicon Valley startup Aurora Innovation to develop autonomous vehicles. General Motors has also said it will mass produce fully autonomous electric cars by the end of 2019.

They are all battling big tech companies in the race to be king of the computer-driven road.

Google has poured more than $1 billion into Waymo, and ride hailing start-ups Lyft and Uber are also heavily invested in autonomous cars.

Oregon Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 30801

Reported Deaths: 526
CountyConfirmedDeaths
Multnomah6818130
Marion444790
Washington428958
Umatilla291341
Clackamas225661
Malheur152723
Jackson10394
Lane96415
Deschutes76912
Yamhill73814
Jefferson5138
Polk50215
Morrow4886
Lincoln47213
Linn46613
Union4352
Benton2856
Klamath2732
Hood River2450
Wasco2343
Douglas2093
Josephine1832
Columbia1541
Coos1380
Clatsop1170
Baker902
Crook601
Tillamook480
Lake280
Wallowa281
Curry270
Sherman180
Harney120
Gilliam80
Grant80
Unassigned00
Wheeler00

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 786168

Reported Deaths: 15016
CountyConfirmedDeaths
Los Angeles2607976353
Riverside566811153
San Bernardino52471908
Orange520631128
San Diego44577760
Kern31379354
Fresno27668355
Sacramento21297375
Alameda20558374
Santa Clara20410296
San Joaquin19793414
Stanislaus16319335
Contra Costa15837199
Tulare15599256
Ventura12328143
Imperial11558314
San Francisco1074599
San Mateo9522143
Monterey946767
Santa Barbara8862110
Merced8750134
Kings728377
Sonoma7060114
Marin6557112
Solano608555
Madera429658
Placer346641
San Luis Obispo336927
Butte274835
Yolo274754
Santa Cruz22188
Sutter164210
Napa161413
San Benito130111
Yuba11187
El Dorado10684
Mendocino84918
Lassen7310
Shasta68714
Glenn5503
Colusa5096
Nevada5066
Tehama4984
Humboldt4826
Lake46510
Calaveras31114
Amador28616
Tuolumne2214
Inyo18714
Mono1652
Siskiyou1610
Del Norte1361
Mariposa752
Plumas490
Modoc240
Trinity150
Sierra60
Alpine20
Unassigned00
Medford
Clear
54° wxIcon
Hi: 79° Lo: 54°
Feels Like: 54°
Brookings
Overcast
55° wxIcon
Hi: 64° Lo: 54°
Feels Like: 55°
Crater Lake
Clear
47° wxIcon
Hi: 74° Lo: 42°
Feels Like: 47°
Grants Pass
Clear
57° wxIcon
Hi: 79° Lo: 54°
Feels Like: 57°
Klamath Falls
Clear
47° wxIcon
Hi: 78° Lo: 39°
Feels Like: 47°
Seasonal & hazy afternoon
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Monday, September 21 morning weather

Image

Sunday, September 20 evening weather

Image

Sunday, September 20 morning weather

Image

Families return to Talent to find homes completely destroyed

Image

Saturday, September 19 evening weather

Image

Concerns of Breathing in Wild Fire Smoke

Image

Sunday, September 19 morning weather

Image

Community organizations come together to help those in need

Image

Friday, September 18th Evening Weather

Image

Picking up the pieces from the Almeda Fire