Japanese automakers Toyota and Mazda have discussed about at least ten potential areas for cooperation that enables them to deal with the technological trends appearing in the auto industry.
During a briefing in Tokyo, Mazda's executive vice president Akira Marumoto confirmed that they were indeed having broader discussions with Toyota.
Back in 2015, the two Japanese automakers had talks on expanding their ties in addition to their original agreement of sharing their hybrid systems and compact car production in Mexico. Since then, both remained quiet as to what their plans are in the future. The most recent development between the two automakers is the Mazda2 sedan turning into the Yaris iA to serve as Toyota's B-Segment sedan in the US. Mazda has been largely independent since Ford reduced their shares in the brand to as little as 2.1 percent. With access to Toyota's vast resources, particularly in the field of hybrids and EVs, Mazda's future may be better secured.
Aside from this, Toyota is also a majority owner of Hino Motors Ltd., the largest shareholder in Subaru maker Fuji Heavy Industries Ltd. and has a stake in Isuzu Motors Ltd. Toyota, however, declined to provide any more details in regard of their discussion with Mazda.
Toyota is presently working with BMW which involves future tech such as fuel cell systems, post-lithium batteries, lightweight technology and a joint sports car. The two giants have been working together since 2011.
Toyota recently entered into partnership discussions with Suzuki. According to President Akio Toyoda and Suzuki Chairman Osamu Suzuki, the partnership enables them to keep up with the financial demands of advances in electrification and autonomous driving.
SOURCE: Automotive News