Japanese carmakers Toyota and Suzuki is considering a partnership for creating new technology with the focus on creating green cars, which will make the world a better place to live.. For now these two Japanese giants decided to collaborate and to come up with ideas that will eventually help in a joint venture.
Toyota, who is the world's largest car manufacturer, will help Suzuki to gain profit, whereas Suzuki will help Toyota to create small and cheaper cars that can be offered in markets like India as Suzuki is the most favoured car manufacturer in the sub continent, according to news agencies.
As per both companies they have just started discussing the coalition, so it’s not yet finalized that where they might collaborate. Previously Suzuki had a partnership with the bavarian car maker Volkswagen, which ended on a sour note. VW accused Suzuki of violating the pact, while Suzuki decided to buy diesel engines from Fiat. On the other hand, the Japanese carmaker Toyota bought Daihatsu Motors, and has expressed interest in putting up its plants in the emerging markets.
Suzuki faces fierce competition in the Japanese market from the Toyota owned Daihatsu as both the companies focus on small cars.
This is not the first time for Toyota to form business alliances with other companies. The Japanese giant has previously collaborated with the likes of Mazda Motor Corp. and Subaru subsidiary Fuji Heavy Industries. According to NY Times, Toyota and Subaru had signed a deal on designing and producing cars before for releasing the Toyota 86 and Subaru BRZ.