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Tag Archives: Woven by Toyota
Toyota Top Automaker Again in U.S. Patent Rankings
For the 11th consecutive year, Toyota (NYSE: TM) has obtained more patents from the United States Patent and Trademark Office than any other automotive company, according to the annual report by the Intellectual Property Owners Association. Toyota also remains in the top 10 among all patent recipients with 2428 U.S. patents in 2024. Continue reading
Posted in auto news, electronics, engineering, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Fred Mau, Intellectual Property Owners Association, Ken Zino, Sandra Phillips, Toyota Connected, Toyota IP Solutions, Toyota North America R&D, Toyota Research Institute, United States Patent and Trademark Office, Woven by Toyota, X @KenAutoinformed
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Woven by Toyota Now a Wholly Owned Toyota Subsidiary
A review of the software development structure in the Toyota Group was announced this month. As a result, the three companies of Toyota, Woven by Toyota, and Denso will now strengthen collaborative efforts and are restructuring their organizations and human resources across all three companies “to enhance the value of mobility through a software-centered approach.” This is part of an ongoing industry trend to enhance competitiveness through services such as recharging and other connected car offerings. Continue reading
Toyota Starts a Strategic Investment Subsidiary
Toyota Motor Corporation (NYSE: TM, 7203T) today announced the establishment of Toyota Invention Partners Company, Ltd. (TIP), a new strategic investment subsidiary with ¥100 billion yen (~$670 million) in capital. TIP will focus on accelerating collaborations between Toyota, Woven by Toyota (WbyT), Toyota Group companies, their affiliates, and external partners as part of Toyota’s ongoing transformation into a mobility company. Woven Capital, Toyota’s venture investment arm, has established Fund II with $800 million (~¥120 billion), matching the size of Fund I launched in 2021.*
“To ensure that mobility continues to bring smiles to people and remains vital to society, the Toyota Group has embraced the vision of ‘Inventing our path forward, together’. This vision places a particular emphasis on ‘Invention’, which has always been the foundation of the Group” said Kenta Kon, Operating Officer and Chief Financial Officer of Toyota and CFO and Director of WbyT. Continue reading →