Toyota and Suzuki agree to start consideration toward new collaboration
Toyota Motor Corporation and Suzuki Motor Corporation have announced an agreement to begin considering concrete collaboration in new fields.
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.
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,” Toyota President Akio Toyoda said. “Widespread acceptance is necessary for electrified vehicles to be able to contribute to Earth’s environment, and we look forward to the wider use of hybrid technologies 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 period of profound transformation. We intend to strengthen the competitiveness of both our companies by applying our strong points and learning from each other.”
Suzuki Chairman Osamu Suzuki added, “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 egarding the status of partnership on a global basis. In addition, we appreciate the kind offer from Toyota to let us make use of their hybrid technology. We will continue our utmost efforts.”