Toyota and Suzuki fix a new partnership

#Toyota and Suzuki fix a new partnership Wow : The two Japanese automakers Toyota and Suzuki want to cooperate closely in the future development and purchasing. According to Toyota CEO Akio Toyoda, no decision had yet been taken on a possible participation.
#Toyota and Suzuki fix a new partnership Wow

The two Japanese automakers Toyota and Suzuki have fixed their planned partnership. The companies signed a corresponding agreement, as Toyota communicated in Tokyo. Now the partnership in development and purchasing should be worked out in concrete terms. A two-sided equity investment is not connected with the cooperation so far.

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The two corporations had already announced in October to work together more closely. Toyota’s chief Akio Toyoda said at the time that a stake had not yet been decided. The companies wanted to give themselves time to check. “suzuki vitara

Toyota is the second largest car maker in the world after Volkswagen. Suzuki is mainly specialized in small cars and strong in the export of motorcycles. It was only last February that Suzuki drew the final whistle with a compensation payment under an accidental cooperation with VW from 2009 to 2011.

Toyota and Suzuki fix a new partnership

Motorists are increasingly looking for partnerships, because they expect increasing development spending on new technologies due to stricter environmental requirements. Toyota and Suzuki wanted to appear on the market as competitors, according to earlier data – Toyota had, among other things, the rival small car manufacturer Daihatsu completely taken over. (Dpa / apa / red)

#Toyota and Suzuki Fix A New Partnership Wow
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