Toyota Suzuki driven toward alliance amid fear that innovators will overtake them
Toyota Motor Corp. sees the technological revolution shaking up the auto industry as a serious enough threat to its survival that the world's most valuable carmaker will consider partnering with one of its fiercest Japanese rivals.In exploring collaboration between Toyota and Suzuki Motor Corp., chieftains Akio Toyoda and Osamu Suzuki seek to tie together companies with a history of failed alliances.The two will overlook Toyota's short-lived partnership with Tesla Motors Inc. and Suzuki's acrimonious breakup with Volkswagen AG due to the daunting financial demands of keeping up with technological advances in areas such as electrification and autonomous driving.
Toyota and Suzuki say they are considering an alliance
TOKYO — In a foreshadowing of a possible new alliance in the automobile industry, Toyota and Suzuki said Wednesday that they were discussing a wide-ranging business partnership.The manufacturers, both Japanese, were vague about what might happen.AdvertisementA merger, even a partial one, would effectively bring Suzuki into the orbit of the much larger Toyota, which regularly vies with Volkswagen to be the world's biggest automaker.
Toyota And Suzuki Likely To Form R&D-Sharing Alliance
The automotive world is moving towards a cleaner, greener and safer tomorrow with several projects working towards autonomous, zero-emission vehicles.As you'd expect, research and development (R&D) facilities aren't cheap to run, especially if they involve designing the future of the industry.This is the primary reason why several companies across the globe are partnering with each other to co-develop their version of future automobiles.