Toyota And Suzuki Announce Partnership, Leaving Japan's Auto Industry Perplexed
Suzuki and Toyota explore technology alliance
Japanese auto majors Toyota Motor Corp (TMC) and Suzuki Motor Corp (SMC) today announced plans to explore business partnership to strengthen collaboration in fields of environment, safety, and information technology.Both companies have agreed to start exploring ideas that are directed towards a business partnership, Toyota and Suzuki said in a joint statement.Toyota and Suzuki just started exploring on any opportunities for collaboration, with the belief that it will help both companies solve their respective challenges, it said.
Toyota And Suzuki To Partner For Safety And Environmental Tech
PHOTO GALLERYToyota and Suzuki are on the verge of striking a partnership which will see the two automakers collaborating on safety, environmental and IT technologies.While further details of the partnership will be announced at a later date, Autocar reports the Japanese firms' team-up will improve technological development across the brands in an industry which is experiencing dramatic changes.In a statement, Toyota president Akio Toyoda said " As the environment which surrounds the automobile industry has been changing drastically, we need to have the ability to respond to changes in order to survive."In addition to the R&D which each company is working on individually, it is very important now to have partners who share the same goal and passion."We would like to always keep our doors open for new partnership opportunities, which will contribute to the making of ever-better cars as well as to the development of the automotive industry."Suzuki boss Osamu Suzuki confirmed that talks are underway between the companies and suggested that Toyota is the perfect company for Suzuki to team up with given considering its status as one of the world's largest automakers and a key developer of future technologies.