Toyota and Suzuki team up to create the future of automobile technology
The Japanese company Toyota Motor and Suzuki Motor have agreed to start negotiations for a partnership in the field of environmentally friendly vehicles and technologies that ensure safety. This was said on Wednesday a joint statement the companies.
According to Tass, by cooperating companies expect to reduce the cost of development of new technologies that reduce fuel consumption and pollution from exhaust fumes. Another reason for the partnership was declared in May intention competitor - Nissan Motor Company to acquire 34% stake in Mitsubishi Motors. As expected, the deal worth about $ 2.6 billion will be closed until the end of this year.
Also, this cooperation will help Toyota to penetrate deeper into the Indian market, where Suzuki is now growing sales, notes The Wall Street Journal,
Toyota is one of the world leaders in the field of introduction of hybrid motors and fuel-cell. Last year, the company began selling in Japan the first production model of the hydrogen Mirai sedan.
Suzuki Concern has recently experienced a number of difficulties against the backdrop of the scandal with violations during the fuel flow measurement in 26 models produced for the domestic market. However, the company assured that the fuel consumption data indicated in the technical documentation does not need to be adjusted.
In the past year, Toyota has become the world leader in the number of cars sold, realizing 10.15 million vehicles around the world. And the Suzuki, which is the fourth-largest automaker of Japan during this period, has sold about 3 million cars.
Recall that this is not the first time that Suzuki is trying to cooperate with a major partner - in 2009, 19.9% of the shares of the Japanese company bought a Volkswagen. They planned joint development of small fuel-efficient cars, but ultimately failed to settle the working moments, and after four years of litigation alliance disintegrated.
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