Toyota, Mazda form partnership to share technologies, confront cost challenges
Hans Greimel
May 13, 2015
TOKYO -- Toyota Motor Corp. and Mazda Motor Corp. have agreed to form a “long-term partnership” that deepens collaboration on products, manufacturing and technologies as carmakers race to spread spiraling development costs amid ever-stricter emissions standards.
Under the agreement announced May 13, the carmakers will form a joint committee to evaluate “how best to utilize each company’s respective strengths,” the companies said in a statement.
Hans Greimel
May 13, 2015
TOKYO -- Toyota Motor Corp. and Mazda Motor Corp. have agreed to form a “long-term partnership” that deepens collaboration on products, manufacturing and technologies as carmakers race to spread spiraling development costs amid ever-stricter emissions standards.
Under the agreement announced May 13, the carmakers will form a joint committee to evaluate “how best to utilize each company’s respective strengths,” the companies said in a statement.
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