Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles
Shares in Nissan Motor tumbled 12 percent on Friday, their biggest decline in more than two decades
Toyota is a manufacturer that likes to go its own way, and it's not afraid to make controversial decisions.
Toyota on Tuesday unveiled a car that can drive itself along a highway, the latest foray by a major manufacturer into the world of automated vehicles.
Demand for the current crop of plug-in electric cars may still be weak but Nissan, Renault and Volkswagen are all confident that a mass-market electric car is just around the corner.
Officially the world's first production seven-seat electric car, the latest derivation of the Nissan e-NV200 is aimed equally at business users and larger families.
Ray Kurzweil told the annual conference of the Society of Automotive Engineers that the rapidly declining cost of computing power and the advances in artificial intelligence will make autonomous driving a reality.
Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles
Shares in Nissan Motor tumbled 12 percent on Friday, their biggest decline in more than two decades
Toyota is a manufacturer that likes to go its own way, and it's not afraid to make controversial decisions.
Toyota on Tuesday unveiled a car that can drive itself along a highway, the latest foray by a major manufacturer into the world of automated vehicles.
Demand for the current crop of plug-in electric cars may still be weak but Nissan, Renault and Volkswagen are all confident that a mass-market electric car is just around the corner.
Officially the world's first production seven-seat electric car, the latest derivation of the Nissan e-NV200 is aimed equally at business users and larger families.
Ray Kurzweil told the annual conference of the Society of Automotive Engineers that the rapidly declining cost of computing power and the advances in artificial intelligence will make autonomous driving a reality.