Toyota climbs on parts tie-up report with Mazda

TOKYO, July 16 (Reuters) - Shares of Japanese automaker Toyota Motor Corp (7203.T) rose 2.9 percent on Thursday after the Nikkei business daily reported that it plans to supply core components for hybrid vehicles to smaller rival Mazda Motor Corp (7261.T). [ID:nT205470]

The components will be used in a hybrid vehicle Mazda is planning to launch as early as 2013, with a sales target of some 100,000 units a year, the Nikkei said.

Toyota gained 2.9 percent to 3,570 yen. Mazda was untraded but bid higher at 246 yen, 8.8 percent above Wednesday's close of 226 yen. (Reporting by Shinichi Saoshiro)