TOKYO – Toyota Motor Corp., aiming to transform itself into a software company as much as it is a hardware one, is creating a new holding company that will spearhead development of self-driving cars, new automotive computer operating systems and advanced mapping.
The entity, called Woven Planet Holdings, will oversee two other companies, Woven Core Inc. and Woven Alpha Inc. Woven Core will focus on automated driving. Woven Alpha will pioneer news businesses in such fields as connectivity, onboard software and high-definition mapping.
