TOKYO -- The formation of the capital partnership between Toyota Motor and Suzuki Motor, which spans an empire that produces 16 million vehicles globally, stemmed from a conversation that occurred only three months ago.
"I asked [Toyota] President Akio Toyoda for a capital alliance in May," Suzuki Chairman Osamu Suzuki told Nikkei Wednesday. Toyota will invest 96 billion yen ($907 million) in its counterpart, for a 5% stake, while Suzuki will hold a 48 billion-yen stake in Toyota.
