Toyota and Suzuki are about to make a technology partnership agreement, as per the reports.
Toyota and Suzuki are expected to enter into a partnership agreement to develop technology for a variety of functions, which includes self-driving vehicles, according to the reports.
Japan’s Toyota Motor Corp and Suzuki Motor Corp are expected to announce the partnership soon. This partnership is expected to cover areas such as development and procurement, which includes applications for information technology and sharing sources for parts in Japan and abroad.
Going forward, Suzuki and Toyota’s unit Daihatsu Motor will continue to sell automobiles under their separate brands to avoid risks related to antitrust laws. The two companies will collaborate in ways that steer clear of antitrust risk, as per the reports.
Previously Toyota and Suzuki said that they plan to explore a possible partnership, citing technological challenges and the need to keep up with consolidation in the global auto industry.
Suzuki and Toyota did not immediately respond to requests for comment outside regular business hours.