TOKYO ---Toyota Motor Corp. plans to form a capital tie-up with Suzuki Motor Corp., the companies announced Wednesday. The two companies will use the capital base as an opportunity to conduct joint research on autonomous driving technologies. Toyota will invest 96 billion to hold a stake of about 5 percent in Suzuki, while Suzuki is also expected to invest 48 billion to hold a stake in Toyota. This deal will consolidate the domestic auto industry into three camps: the Toyota alliance; the alliance of Nissan Motor Co. and Mitsubishi Motors Corp.; and Honda Motor Co. alone. Toyota sells more than 10 million new cars a year and competes with Volkswagen AG (VW) of Germany and the Nissa...
Keep on reading: Toyota, Suzuki announce capital tie-up
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