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  1. Toyota, Suzuki poised to unveil partnership today

Toyota, Suzuki poised to unveil partnership today

Toyota Motor Corp and Suzuki Motor Corp appeared poised to unveil a wide-ranging partnership on Monday that could include the development of new technologies and procurement.

By: | Tokyo | Published: February 6, 2017 6:51 AM
A partnership could offer Suzuki, a maker of affordable minivehicles and compact cars, access to Toyota's R&D expertise. (Reuters) A partnership could offer Suzuki, a maker of affordable minivehicles and compact cars, access to Toyota’s R&D expertise. (Reuters)

Toyota Motor Corp and Suzuki Motor Corp appeared poised to unveil a wide-ranging partnership on Monday that could include the development of new technologies and procurement. Both automakers, which said in October they were exploring a tie-up, said their boards would make a decision on the matter later in the day.

A partnership could offer Suzuki, a maker of affordable minivehicles and compact cars, access to Toyota’s R&D expertise. Japan’s fourth-largest automaker has said it has been struggling to keep pace with the breakneck speed of R&D in the industry. “If you look at their production line-up, there’s little overlap except for compact cars. And Suzuki is already buying hybrid technology from Toyota,” said Fujio Ando, an adviser at Chibagin Asset Management.

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“One question will be how much Toyota will open up to Suzuki given its relations with Daihatsu,” he added, referring to Toyota’s own minivehicle specialist firm.

Toyota, the world’s No. 2 automaker, invests heavily in R&D in areas including automated driving, artificial intelligence and lower-emission cars.

Toyota and Suzuki are set to announce third-quarter earnings on Monday.

Shares in Toyota and Suzuki were roughly flat, in line with the broader Tokyo market.

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