Toyota Motor Corp and Suzuki Motor Corp will take small equity stakes in each other, the Japanese car makers said on Wednesday, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry. Car makers – especially smaller ones like Suzuki – are struggling to meet the breakneck growth of an industry transformed by the rise of electric vehicles (EVs), ride-hailing and autonomous driving. Toyota will pay around 96 billion yen (£742 mill
Toyota and Suzuki partner up on autonomy with capital alliance originally appeared on Autoblog on Wed, 28 Aug 2019 08:36:00 EDT. Please see our terms for use of feeds.