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Toyota - big R&D investments in Michigan

Toyota announced it will be spend $100 million in advance research with the University of Michigan. This comes on top of an additional $187 million investment Toyota announced last year to create an advanced research institute near Ann Arbor due to open this year.

 

Money quotes:

"I think Michigan will continue to be a hub for advanced technology research," and (paraphrased) - "Toyota is smart for deciding to take advantage of U-M's advanced research capabilities. In the future more automotive innovation is likely to come from universities."




      Michael Robinet, vice president of global vehicle forecasting for CSM Worldwide Inc.





 

Posted by Mike Heath @ 1:10 PM on 04/03/2008
Tags: Good Busines News Jobs Tech