Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Wednesday, 20 March 2019, 16:14 HKT/SGT
Share:
    

Source: Toyota Motor Corporation
Toyota and Suzuki Agree to Start Consideration Toward New Collaboration

TOKYO, Mar 20, 2019 - (JCN Newswire) - Toyota Motor Corporation and Suzuki Motor Corporation has announced their agreement to begin considering concrete collaboration in new fields.

Toyota and Suzuki have been considering the concrete details of such collaboration since having concluded a memorandum of understanding toward business partnership on February 6, 2017.

Toyota and Suzuki, in addition to bringing together Toyota's strength in electrification technologies and Suzuki's strength in technologies for compact vehicles, intend to grow in new fields, such as joint collaboration in production and in the widespread popularization of electrified vehicles. Details of intended areas of collaboration can be viewed at Toyota's website.

Moving forward, insofar as Toyota and Suzuki continue to fairly and freely compete against each other, both companies intend to consider further collaboration to realize a sustainable future mobility society while respecting all applicable laws.

"When it comes to vehicle electrification, which is expected to make further inroads, hybrid technologies are seen as playing a huge role in many markets, as from before. Widespread acceptance is necessary for electrified vehicles to be able to contribute to Earth's environment. Through our new agreement, we look forward to the wider use of hybrid technologies, not only in India and Europe, but around the world. At the same time, we believe that the expansion of our business partnership with Suzuki---from the mutual supply of vehicles and powertrains to the domains of development and production--will help give us the competitive edge we will need to survive this once-in-a-century period of profound transformation. We intend to strengthen the competitiveness of both our companies by applying our strong points and learning from each other," said Toyota President Akio Toyoda.

"At the time we announced our scope of cooperation in May last year, I spoke that we will strive for success globally. I have seen progress in the partnership since then, and it is my pleasure to be able to make this announcement today regarding the status of partnership on a global basis, including Europe and Africa. In addition, we appreciate the kind offer from Toyota to let us make use of their hybrid technology. We will continue our utmost efforts," said Suzuki Chairman Osamu Suzuki.


About Toyota Motor Corporation

Toyota Motor Corporation (TMC) is the global mobility company that introduced the Prius hybrid-electric car in 1997 and the first mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in Toyota City, Japan, Toyota has been making cars since 1937. Today, Toyota proudly employs 370,000 employees in communities around the world. Together, they build around 10 million vehicles per year in 29 countries, from mainstream cars and premium vehicles to mini-vehicles and commercial trucks, and sell them in more than 170 countries under the brands Toyota, Lexus, Daihatsu and Hino. For more information, please visit www.toyota-global.com.

Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926


Mar 20, 2019 16:14 HKT/SGT
Source: Toyota Motor Corporation

Topic: Press release summary
Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Toyota Motor Corporation Links

http://www.toyota-global.com

https://plus.google.com/+toyotaglobal

https://www.facebook.com/ToyotaMotorCorporation/

https://twitter.com/TOYOTA_PR/

https://www.youtube.com/user/toyotajpchannel/

https://ph.linkedin.com/company/toyota

Toyota Motor Corporation
Oct 17, 2019 12:48 HKT/SGT
Toyota to Show Production-Ready Ultra-Compact BEV at 2019 Tokyo Motor Show "FUTURE EXPO"
Oct 16, 2019 14:32 HKT/SGT
Toyota's New Model Yaris Makes World Premiere
Oct 15, 2019 13:09 HKT/SGT
Toyota Rolls Out New Compact Convertible Sports Car "Copen GR SPORT" in Japan
Oct 11, 2019 15:14 HKT/SGT
Toyota: 'People of the Future' to Welcome Visitors at 'Mobility Theme Park'
Oct 11, 2019 12:45 HKT/SGT
Toyota to Unveil Next-Generation "Mirai Concept" at 2019 Tokyo Motor Show's "Future Expo"
Oct 10, 2019 14:21 HKT/SGT
Toyota Mobility Foundation Calls for Third Round of Research Proposals to Support Innovative Hydrogen Energy Solutions
Oct 10, 2019 12:50 HKT/SGT
Lexus: The Future is Electrified
Oct 9, 2019 14:05 HKT/SGT
Specially-Designed Toyota "Tokyo 2020 Version" e-Palette to Provide Automated Mobility to Athletes
Oct 8, 2019 13:44 HKT/SGT
Toyota to Unveil New Model "Granace" in Japan
Oct 7, 2019 08:49 HKT/SGT
Fuji Triumph for TOYOTA GAZOO Racing
More news >>
 News Alerts
Copyright © 2019 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: