Jul 21, 2011
Toyota (NYSE:TM) is working on a safety technology that takes control of the steering so the car can swerve away when it isn't able to stop before a collision.
The new technology system uses cameras along with enhanced radar called "millimeter-wave," which will be put in front of the vehicle to, to detect potential crashes such as pedestrians crossing on the road.
Toyota did not comment on when the feature might be offered on a commercial model, or in which markets, but officials implied it was geared up to be offered soon.
Toyota Motor has a potential upside of 8.8% based on a current price of $84.92 and an average consensus analyst price target of $92.4.
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