Toyota spends $1,000,000/hr on research and development.
Date: Wednesday, October 31, 2007 @ 20:48:53 UTC
Topic: Testimonials
"...That's right. $1 million every hour, 24/7 is what Toyota spends on R&D. And from what I saw at both facilities, it is money well spent, even if it's taking what seems an inordinately long period of time to perfect its lithium ion batteries, which I can confirm they are working on in a very serious way. However, no one with whom I spoke -- and that included not only their top engineers but also Mr. Watanabe, the company President himself -- was willing to give a date or model year for when we can expect to see Toyota-manufactured lithium ion batteries in their full-hybrid cars..."
Extract from the lead story, by Editor Bill Moore, in EV World, Oct 29, 2007
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