Toyota, Suzuki say exploring possible partnership



Japan's Toyota Motor Corp and minivehicle maker Suzuki Motor Corp said they plan to explore a possible partnership, citing technological challenges and the need to keep pace with rising consolidation in the global auto industry.
The announcement comes after Toyota completed a buyout of minivehicles maker Daihatsu Motors earlier this year. The world's largest automaker by vehicle sales in 2015 said last week it will set up an internal company with Daihatsu to focus on emerging markets.
Suzuki, Japan's fourth-largest automaker, also specialises in minivehicles and competes fiercely with... read more

 
12 October 2016 in Business, Views: 43
Source: Reuters
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