India’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.
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.