04 Aug '17, 4pm

Toyota, Mazda partner to build U.S. plant; develop electric vehicles

Toyota, Mazda partner to build U.S. plant; develop electric vehicles

Toyota Motor Corporation and Mazda Motor Corporation signed an agreement today to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. Today’s agreement is a testament to the positive result of two years of collaborative and deliberate discussions between the two companies, and it is a milestone in the journey to further strengthen and accelerate the partnership in a sustainable way. Specifically, the companies agreed to: 1) establish a joint venture that produces vehicles in the United States, 2) jointly develop technologies for electric vehicles, 3) jointly develop connected-car technology, 4) collaborate on advanced safety technologies and 5) expand complementary products. In addition, together with the aim of advancing and strengthening their long-term collaboration, Toyota and Mazda agreed to a capital alliance arrang...

Full article: http://electriccarsreport.com/2017/08/toyota-mazda-partne...

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