Toyota, Suzuki explore technology partnership
The logo of Maruti Suzuki India Limited is seen on car parked outside a showroom in New Delhi, India, February 29, 2016.REUTERS/Anindito Mukherjee/File PhotoA Toyota logo is seen on media day at the Mondial de l'Automobile, the Paris auto show, in Paris, France, September 29, 2016.REUTERS/Jacky Naegelen/File PhotoToyota Motor Corp President Akio Toyoda (L) and Suzuki Motor Chairman and CEO Osamu Suzuki attend their joint news conference in Tokyo, Japan, October 12, 2016.
Toyota, Suzuki explore green car, technology partnership
Toyota CEO Akio Toyoda, left, and Suzuki Chairman Osamu Suzuki announce their companies' plan to explore collaboration on green car, safety and information technology.Photo credit: REUTERSToyota CEO Akio Toyoda, left, and Suzuki Chairman Osamu Suzuki announce their companies' plan to explore collaboration on green car, safety and information technology.Photo credit: REUTERSTOKYO -- Toyota Motor Corp. and Suzuki Motor Corp. have agreed to explore collaboration in green car, safety and information technology fields, citing unprecedented changes in the industry that are cranking up product development costs and spurring consolidation.
Toyota, Suzuki explore technology partnership
By Naomi TajitsuTOKYO (Reuters) - Japan's Toyota Motor Corp <7203.T> and Suzuki Motor Corp <7269.T> said they plan to explore a possible partnership, citing technological challenges and the need to keep up with consolidation in the global auto industry.Toyota invests heavily in R&D for automated driving functions and artificial intelligence for mobility purposes while cost-conscious Suzuki, which specializes in affordable compact cars, has yet to announce major strategic plans on how to compete in new automotive technologies.Both companies said that they had just begun discussing possible cooperation so nothing was decided about areas in which they might collaborate.