Toyota (TM) Invests $50 Million in Arizona Proving Grounds
The new construction will bring in many improvements, including a 5.5-mile oval track, an off-road park, and new surfaces for ride and handling tests. Most of the work is expected to be finished by the end of the year. Toyota Motor Corporation (NYSE:TM) is also planning to build a new facility focused on developing advanced driver assistance technology.
Workers assembling a car in a modern manufacturing plant, emphasizing the company's sense of progress.
The site, known as the Arizona Mobility Test Center at Toyota Arizona Proving Grounds, has been open for use by various companies as a vehicle testing resource since 2021.
Site updates will make it even more attractive for testing new vehicle features. Toyota Motor Corporation (NYSE:TM) also plans to use the site to develop its North American vehicle models.
Toyota Motor Corporation (NYSE:TM) is a Japanese multinational car manufacturer.
While we acknowledge the potential of TM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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Acquisition brings a predictive, agentic experience to enterprises looking to proactively navigate the complex media and social landscape Together, Sprout and NewsWhip will turn real-time, AI-powered intelligence into social action, empowering brands and publishers to engage with speed, precision and purpose CHICAGO, July 30, 2025 (GLOBE NEWSWIRE) -- Sprout Social (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the acquisition of NewsWhip, a pioneer in AI-powered, predictive media intelligence. This acquisition will expand Sprout Social's footprint in the predictive intelligence market and create an innovative solution that empowers brands and publishers to navigate the digital media landscape with incredible foresight and agility. Brands and publishers today can face upwards of tens of thousands of signals daily—from breaking news to emerging trends. 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'We are excited to deepen Sprout's Listening capabilities with NewsWhip's industry-leading real-time insights and innovative AI agents, which we believe will accelerate our AI roadmap over the next several years,' said Joe Del Preto, CFO of Sprout Social. 'NewsWhip has earned the trust of globally recognized brands for critical crisis management. We will discuss NewsWhip in more detail on our second-quarter earnings call on August 6, 2025.' About NewsWhip NewsWhip is the real-time media intelligence company trusted by some of the world's top brands and publishers to predict and understand the impact of emerging stories. Its technology monitors millions of news and social media signals per hour—surfacing rising narratives, assessing momentum, and delivering predictive, context-rich alerts through its real-time media monitoring agent. To learn more, visit About Sprout Social Sprout Social is a global leader in social media management and analytics software, built on the belief that All Business is Social℠. Sprout's intuitive platform puts powerful social data into the hands of approximately 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2's 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout's software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as 'anticipate,' 'believe,' 'can,' 'continue,' 'could,' 'estimate,' 'expect,' 'explore,' 'future,' 'intend,' 'may,' 'might,' 'outlook,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'strategy,' 'target,' 'will,' 'would,' or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our expectations concerning the acquisition of NewsWhip and the benefits and other effects thereof on our footprint, growth, and products and solutions, our plans and objectives for future operations, growth, initiatives or strategies, and other statements that are not historical fact. 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Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption 'Risk Factors' and elsewhere in our filings with the Securities and Exchange Commission (the 'SEC'), including our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 26, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, to be filed with the SEC as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current and ongoing instability in market, economic, and political conditions. 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