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Toyota, Suzuki preparing deal on financial, tecnological partnership

Toyota, Suzuki preparing deal on financial, tecnological partnership"Toyota and Suzuki have agreed to work toward the early realisation of a business partnership," they said in a joint press release, Reuters reports.

They have agreed to begin formal talks aimed at forging a partnership in shared procurement, green vehicles, IT and safety technologies.

Read also: Toyota and Suzuki are working on possible partnership

The agreement takes the two Japanese automakers a step closer to a tie-up that could give Suzuki, a maker of affordable mini-vehicles and compact cars, access to Toyota's technology. The world's second-biggest car maker in return would benefit from Suzuki's strong market position in India.
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