Toyota and Suzuki Agree to Start Consideration Toward New Collaboration
20 Março 2019 - 5:14AM
JCN Newswire (English)
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.
Source: Toyota Motor Corporation
Contact:
Public Affairs Division
Global Communications Department
Toyota Motor Corporation
Tel: +81-3-3817-9926
Copyright 2019 JCN Newswire . All rights reserved.
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