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Toyota establishing new artificial intelligence R&D company; $1B investment over 5 years

2015-11-06 09:55:30| Green Car Congress

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Toyota invests $1 billion in artificial intelligence in US

2015-11-06 06:49:21| Automakers - Topix.net

Toyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life. Toyota Motor Corp. President Akio Toyoda said Friday the company will start running in January 2016, with 200 employees at a Silicon Valley facility near Stanford University, with a second facility near Massachusetts Institute of Technology in Cambridge.

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3. Toyota earnings surge 26% as currency gains, cost cutting offset lower sales

2015-11-05 11:00:50| Automakers - Topix.net

TOKYO Operating profit at Toyota Motor Corp. surged 26 percent in the latest quarter, as cost cutting and foreign exchange rate gains offset declining global sales. North America remained Toyota's biggest market, but sales dipped slightly due to inventory adjustments.

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Toyota quarterly profit rises to $5 billion on weak yen

2015-11-05 10:00:14| Automakers - Topix.net

Toyota Motor Corp. reported Thursday, Nov. 5, 2015 a 13.5 percent increase in quarterly p... . In this Oct. 28, 2015 photo, Toyota Motor Corp.'s booth is crowded with visitors in the media preview of the Tokyo Motor Show in Tokyo.

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Toyota profit rises on strong sales, cost cuts and weak yen

2015-11-05 08:56:09| Automakers - Topix.net

" Toyota Motor Corp. reported a 13.5 percent increase in quarterly profit due to strong sales, cost cuts and a favorable exchange rate. Toyota reported Thursday a July-September profit of 611.7 billion yen , up from 539 billion yen the previous year, and a tad short of the forecast by FactSet at nearly 615 billion yen .

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