Toyota in talks to buy robotics divisions from Alphabet – Nikkei

Top Alibaba shareholder Softbank plans to sell $7.9 billion in stock
May 31, 2016
Apple plans to sell $1 billion of 30-year bonds in Taiwan – sources
June 1, 2016
This post was originally published on this site
An employee works under a Toyota Motor Corp logo at the company's showroom in Tokyo, Japan February 5, 2016. REUTERS/Toru Hanai
An employee works under a Toyota Motor Corp logo at the company’s showroom in Tokyo, Japan February 5, 2016.

Reuters/Toru Hanai


Toyota Motor Corp is in talks to buy two robotics divisions from Google parent Alphabet Inc, the Nikkei reported on Wednesday.

The Japanese automaker is discussing an acquisition of Alphabet’s Boston Dynamics – known for the Cheetah, which is claimed to be the world’s fastest-legged robot – and Schaft, a venture that was led by two former Tokyo University professors, the report said.

Toyota declined to comment beyond saying the company and its research and development arm, Toyota Research Institute, “regularly discuss possible collaborations with outside partners to help create ever-better cars and to advance our R&D efforts.”

(Reporting by Chang-Ran Kim; Editing by Ritsuko Ando)