Toyota and Suzuki agree to business tie-up

Japanese automakers Toyota and Suzuki say they have reached a basic agreement on a tie-up in wide areas, including eco-friendly and self-driving technologies. The 2 companies signed a memorandum of business partnership on Monday. They began talks on the deal last October. The collaboration includes fuel-cell and electric vehicles. The next step is to come up with specifics of the deal. Talks on possible capital alliance will also continue. Toyota is striving to take the lead in advanced technologies as competition intensifies around the world. The company has already agreed to a similar business tie-up with Mazda. The latest deal with Suzuki is aimed at expanding the cooperation with other automakers. (NEWSONJAPAN)

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>