Toyota has announced that it intends to take a 5% share of Mazda, its smaller Japanese rival. This will be part of a wider agreement between the two companies, who plan to build a $$1 billion assembly plant in the United States and collaborate on the production on electric vehicles. The facility will be capable of producing 300,000 vehicles a year, and will begin operation in 2021.
Toyota has announced that it intends to take a 5% share of Mazda, its smaller Japanese rival. This will be part of a wider agreement between the two companies, who plan to build a $1.6bn assembly plant in the United States and collaborate on the production on electric vehicles. The facility will be capable of producing 300,000 vehicles a year, and will begin operation in 2021.