February 6, 2017 / 6:15 AM / 10 months ago

Toyota and Suzuki agree to begin formal talks on partnership

TOKYO, Feb 6 (Reuters) - Toyota Motor Corp and Suzuki Motor Corp on Monday said they have agreed to begin formal talks aimed at forging a partnership between the two Japanese car makers in shared procurement, green vehicles, IT and safety technologies.

Toyota and Suzuki said in October they were exploring a partnership, citing technological challenges facing automakers and the need to keep up with consolidation in the global auto industry. (Reporting by Naomi Tajitsu; Writing by Tim Kelly; Editing by Chris Cushing)

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