- Toyota Motor Corp TM Leasing entity KINTO will offer software updates for the security of its new Prius car.
- The program requires customers to select a service, reducing monthly lease payments by 10%. Reuters reported.
- Through this initiative, Toyota plans to lower rental prices and preserve used car values in Japan.
- The program will be the automaker’s first attempt to update its safety features, including collision avoidance system, for a car on the road.
- Also read: Toyota unveils fifth-generation Prius in Japan
- Toyota tries to imitate in a way Tesla, Inc‘s TSLA Model whose consistent software updates have improved charging speed and increased battery range.
- Price promotion: TM shares are trading up 0.29% at $141.50 as of the last check Wednesday premarket.
- Photo via company
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