Toyota said it was expanding its commitment to the American Center for Mobility (ACM) with a new investment of US$3.5m in a five year lease for exclusive campus facilities plus an additional estimated $2.5m for increased use of ACM testing services.
The agreement included vehicle labs and office workspace in new construction.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The automaker uses ACM for development of future automated and driver assistance technology.
“Toyota will further capitalise on ACM’s unique combination of world-class testing facilities and intelligent transportation systems (ITS) including customisable low speed urban environments and a high speed highway loop, to accelerate our technology development,” said Monte Kaehr, group vice president of Toyota Motor North America’s advanced mobility R&D.
Reuben Sarkar, president and CEO at ACM, said: “The expansion of Toyota’s onsite footprint reflects the continued demand for shared infrastructure as part of a neutral platform for companies to use for the accelerated development of mobility technologies, standards and workforce training.”
Toyota joined ACM in 2017 as founder sponsor with an initial $5m contribution.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
