August 4, 2017 / 11:41 AM / 7 months ago

Mazda could expand alliance with Toyota: executive

TOKYO (Reuters) - Japanese carmaker Mazda Motor Corp (7261.T) could expand its alliance with Toyota Motor Corp (7203.T), announced earlier on Friday, on condition that “its autonomy is assured”, a senior Mazda executive said on Friday.

Toyota Motor President Akio Toyoda and Mazda Motor President Masamichi Kogai attend a joint news conference in Tokyo, Japan August 4, 2017. REUTERS/Kim Kyung-Hoon

    Mazda Executive Vice President Akira Marumoto was speaking in Tokyo after the two companies announced their alliance, including plans to build a $1.6 billion U.S. assembly plant and work together on electric vehicle technology.

    Reporting by Sam Nussey; Editing by Clara Ferreira Marques

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