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 deal is expected to close by early next year.
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.