Japan’s Toyota Motor is investing JPY96bn ($907m) in compatriot Suzuki Motor, as the two collaborate on AVs and other technologies. Toyota will take a 5% stake in Suzuki, which will funnel JPY48bn into Toyota, as part of the capital alliance. The collaboration will allow for joint development of components in the medium to long-term, as well as partnering for research on IT and environmental issues as the auto industry continues to change rapidly. “Together we can create an ecosystem that benefits both companies,” said Toyota’s president Akio Toyoda.
Japan’s Toyota Motor is investing JPY96bn ($907m) in compatriot Suzuki Motor, as the two collaborate on AVs and other technologies. Toyota will take a 5% stake in Suzuki, which will funnel JPY48bn into Toyota, as part of the capital alliance. The collaboration will allow for joint development of components in the medium to long-term, as well as partnering for research on IT and environmental issues as the auto industry continues to change rapidly. The latest arrangement expands a 2017 partnership, under which the parties work together to share technology related to emissions and safety.