Green Alliance: Toyota and Mazda may tie up
The two automakers will also consider cooperating in other areas
TOKYO:
Japanese automakers Toyota and Mazda are considering a comprehensive tie-up in environmentally-friendly technology amid tightening regulations to cut greenhouse gas and tough emerging market competition. The two companies are in the final stages of talks on the planned partnership, the Nikkei business daily said, adding that the two intend to reach an accord in principle soon. Under the partnership, Toyota plans to supply fuel cell and plug-in-hybrid technology to Mazda, which has lagged in electric-vehicle technology. In return, Mazda will consider offering its proprietary “Skyactiv” green technology to Toyota, which it hopes to use to grow its line of fuel-efficient gasoline and diesel vehicles. The two automakers will also consider cooperating in other areas, including Mazda’s procurement of commercial vehicles from the Toyota group and joint purchasing of auto parts, it added.
Published in The Express Tribune, May 10th, 2015.
Japanese automakers Toyota and Mazda are considering a comprehensive tie-up in environmentally-friendly technology amid tightening regulations to cut greenhouse gas and tough emerging market competition. The two companies are in the final stages of talks on the planned partnership, the Nikkei business daily said, adding that the two intend to reach an accord in principle soon. Under the partnership, Toyota plans to supply fuel cell and plug-in-hybrid technology to Mazda, which has lagged in electric-vehicle technology. In return, Mazda will consider offering its proprietary “Skyactiv” green technology to Toyota, which it hopes to use to grow its line of fuel-efficient gasoline and diesel vehicles. The two automakers will also consider cooperating in other areas, including Mazda’s procurement of commercial vehicles from the Toyota group and joint purchasing of auto parts, it added.
Published in The Express Tribune, May 10th, 2015.