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Toyota and Mazda set to deepen partnership

toyota mazda logos

Japanese rivals in talks

No, there isn’t a merger on the cards, however Toyota and Mazda are reportedly holding discussions around teaming up further on possible strategies to help cut production and development costs.

Already, Mazda produces the Toyota Yaris for Toyota USA in Mexico, but more North American teamwork could be on the cards, including the possibility of the brands building an all-new shared production facility in the U.S.

The top two selling car brands in Australia are reportedly close to signing off on a deal, that’s according to Automotive News.

The U.S. publication says the partnership could also stretch to a possible collaboration over electric vehicle technology.

It’s believed Toyota would purchase a 5% stake in its rival, and Mazda would also become a shareholder in its Japanese counterpart.

A deal could be announced as soon as today.

“We intend to submit a proposal to our board of directors today regarding the partnership with Mazda, however, we would like to refrain from providing further comment at this time.” Toyota said in a statement.

There’s no word that there will be any collaboration in regards to Australian operations, or any Australian models.

We’ll bring you more as further details come to hand.

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About Kate Richards 1678 Articles
Kate has always had an interest in writing and cars and now as a key member of the Behind the Wheel website team she gets to spend her days consumed by both. Aside from being a contributor and an editor at Behind the Wheel, Kate enjoys driving her Lancer EVO and walking her beloved dog, Max!

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