Toyota, Suzuki say exploring possible partnership

 

{Photo:Courtesy}

Tokyo:Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) 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 0930 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.

Business
Premium Burdened Kenyans walk into Easter weekend broke
Business
Premium Water PS Korir put on the spot over Sh14m dam land
Business
Premium Looming crisis as top lenders stare at Sh500b in bad loans
Business
Premium Ruto's food security hopes facing storm amid fake fertiliser scam