TOYOTA CITY Toyota Motor Corp (7203.T) may consider mergers or acquisitions to procure new automotive technologies, including self-driving technologies, the company's president said on Wednesday, adding that it had to compete more aggressively against its rivals.
We need to consider all our options, including M&A, to survive in the future." As the rise of self-driving cars increasingly blurs the lines between automakers and technology companies, global automakers are trying to expand their role beyond making cars into transportation service providers, raising their research and development budgets and investing heavily in technology companies.
Toyota has invested $1 billion in an artificial intelligence research institute, and has struck up technology partnerships with Microsoft Corp (MSFT.O) and Uber Technologies.
Toyota also has yet to ink a major capital tie-up with outside companies, after GM has scooped up U.S.
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