Toyota and Suzuki Agree to Begin Formal Talks on Partnership

Bintraco Dharma, an automotive dealer and financing company, plans to raise up to Rp 345 billion ($26 million) in an initial public offering in March to fund capital expenditure and business expansion. (Reuters Photo/Nyimas Laula)

By : Naomi Tajitsu | on 2:10 PM February 06, 2017
Category : International, Asia-Pacific, Business

Tokyo. Toyota Motor and Suzuki Motor on Monday (06/02) said they have agreed to begin formal talks aimed at forging a partnership between the two Japanese car makers in shared procurement, green vehicles, IT and safety technologies.

Toyota and Suzuki said in October they were exploring a partnership, citing technological challenges facing automakers and the need to keep up with consolidation in the global auto industry.