|Published : 12 Oct 2016, 13:36:04|
Toyota, Suzuki tying up in technology, ecology partnership
Toyota Motor Corp and Suzuki Motor Corp on Wednesday announced plans to explore a business partnership, citing the need for increased industry cooperation on future technologies.
The companies said they would hold a joint briefing on the possible partnership in Tokyo at 9:30 GMT. A Toyota spokeswoman declined to give details on the agreement.
The announcement comes after Toyota, the world's largest automaker by vehicle sales in 2015, recently completed a buy-out of its minivehicle subsidiary, Daihatsu Motors. Suzuki is Japan's fourth-largest automaker and specializes in minivehicles; according to Reuters.