The stock of Toyota Motor Corp (ADR) (NYSE:TM) closed at $126.55 losing 0.32% in yesterday’s trading session. Its holding company Toyota Motor North America, despite coming across numerous challenges a long the way has managed to maintain a steady performance. Its recent report indicates the second-generation Toyota Safety Sense (“TSS”) package is set to be used in select vehicles and will be serving as standard equipment from mid-2018 onward.
The TSS package comes along with a number of safety features making these Toyota models highly advanced. If everything moves according to plan, the upgraded package will be presenting the latest technologies as well as the potential to augment safety.
The enhancement of driver situational awareness, operation of the vehicle over a range of car speeds and decision making are some of the factors the TSS impacts. There is hope that the new TSS package might move a long way towards curbing frontal collisions, boosting safety for night driving as well as keeping drivers within lanes.
Toyota has over the years laid a major focus on the reduction of costs for the advanced safety technologies. It believes that the new TSS package is a plus for them and that quite a large number of car buyers will be benefiting from the changes it is making.
The company’s spokesperson stated, “The initial version of TSS along with Lexus Safety System+ (LSS+), Toyota’s Pre-Collision System (PCS) with Automatic Emergency Braking (AEB) and other advanced safety technologies have been added to five million Toyota and Lexus vehicles that are widely sold across North America, Japan and Europe.”
The company hopes that by 2017 it will have succeeded at adding LSS+ and TSS to almost all the Lexus and Toyota models. This company values it customers and in a recent statement it outlined that it was doing all within its means to offer the best experience. Eyes are set on it to find out its next move.