That’s a lesson Toyota Motor Corp. needs to learn before its rivals start to overtake. Toyota is still a mammoth innovator, just behind Apple Inc. as one of the top 10 R&D investors globally, according to data compiled by Bloomberg. In 2015, Toyota was the only one of the world’s top five global automotive manufacturers not to also be one of the top 10 electric vehicle manufacturers. Perhaps the sort of visions of the future promulgated by Volkswagen AG, Daimler and Ford Motor Co. are unrealistic. R&D is notorious for burning piles of money on moonshot projects that fail to produce any return on investment.

Source: Mint February 07, 2017 11:36 UTC