Toyota may consider acquisitions to boost self-driving tech, electric vehicle arsenal

Toyota may consider acquisitions to boost self-driving tech, electric vehicle arsenal

Toyota Motor Corp President Akio Toyoda speaks to reporters after his meeting with Japanese Prime Minister Shinzo Abe at a hotel in Tokyo, Japan, February 3, 2017. REUTERS/Kim Kyung-Hoon/Files

Toyota Motor Corp 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.

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