|Day's Range||107.20 - 107.96|
|52 Week Range||98.39 - 123.18|
|PE Ratio (TTM)||9.97|
|Dividend & Yield||3.54 (3.29%)|
|1y Target Est||N/A|
Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media lab and five other companies to explore blockchain technology for the development of driverless cars. The project would enable businesses and consumers to securely share data on testing and driving as well as the sharing and usage of such cars to help set insurance rates, Toyota said in a statement. The database would use blockchain, a public online ledger of transactions that first became well known as the software underpinning bitcoin, the first digital currency.
The initiative would allow businesses and consumers to safely exchange data on testing and driving autonomous vehicles, Toyota said.
Indian automakers will this week urge the government to lower a proposed sales tax on hybrid vehicles, as they fear the planned rate could make development of the technology unviable, industry sources and executives told Reuters on Monday. Last week, India said it would tax hybrid vehicles at a rate as high as 43 percent under a new unified tax regime set to come into effect from July 1. India's auto trade body, whose members include companies such as Maruti Suzuki, Mahindra & Mahindra and Toyota Motor Corp, will push to lower the proposed rate, an industry source involved in the matter said.