Toyota, Suzuki team up for technology

Dhaka,  Sun,  11 December 2016
Published : 12 Oct 2016, 13:36:04

Toyota, Suzuki tying up in technology, ecology partnership

Toyota, Suzuki team up for technology
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.

- TM
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