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Toyota Takes Position on Autonomous Vehicles

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Toyota joins the fray of autonomous vehicles. I think that is the right thing to do, because if Tesla continues to pick and widen the gap, some of these car companies may go out of business. So, planning for the future makes sense for the Japanese company.

Toyota has joined the increasingly crowded self-driving car race, joining hands with startup Aurora to build cars for ride-hailing firms like Uber. The plan is to test out Aurora's self-driving vehicle systems — which it bought from Uber in a $4 billion deal last year — in Toyota Sienna minivans at the end of this year. Hyundai and Kia stocks plunged late last week after they said they were not working with Apple to develop self-driving cars, contrary to previous speculation.