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Toyota, Suzuki say exploring possible partnership

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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.

[TOKYO] 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 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 specialises in minivehicles.

REUTERS