Toyota is leading a $2.8bn investment into a new autonomous driving company, TRI-AD, aiming to create an industry-leading platform for driverless cars.
The Toyota Research Institute – Advanced Development will be based in Tokyo, and sees the automaker team up with Aisin and Denso, both automotive parts suppliers.
Initially, the three companies will be focusing on picking a location in the city for the new company.
Approximately 300 staff are expected to be involved at the outset, though the goal is to increase that to around 1,000.
Toyota says it expects to build that workforce both by internal recruitment from its own ranks, and from both Aisin and Denso, as well as global recruitment of external candidates.
At first, Toyota will be putting in 90-percent of the primary 50 million yen (roughly $500k) investment.