Why Toyota Set up New $1 Billion Research Group as a ‘Skunkworks’

The new institute has four initial mandates, including helping the carmaker explore possible products opportunities in “indoor mobility.” CEO Gill Pratt explains…

By Scott Kirsner · January 27, 2016 · 1 min read

We caught up earlier this month with Gill Pratt, the chief executive of the newly-formed Toyota Research Institute . The world’s largest carmaker announced it will invest $1 billion over five years to set up new research facilities in Palo Alto, Calif. and Cambridge, Mass.,…

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