Auto giants plan to collaborate in new fields, including autonomous driving
Japanese auto giants Toyota and Suzuki on Wednesday announced entering into an agreement under which the firms will buy stakes in each other to promote a long-term partnership for collaboration in new fields, including autonomous driving.
Under the pact, Toyota will acquire 2.4 crore shares, or a 4.96% stake, in Suzuki valued at ¥96 billion, while Suzuki will buy shares worth 48 billion in Toyota.
Business partnership
This story is from the August 29, 2019 edition of The Hindu Mumbai.
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This story is from the August 29, 2019 edition of The Hindu Mumbai.
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