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Business deals

Toyota to invest $907m in Suzuki to boost self-driving tech

Suzuki to buy $453m stake in Toyota in expansion of their 2017 tie-up

In 2017, Toyota and Suzuki announced a comprehensive partnership in environmental and safety technology. An equity tie-up will help solidify their cooperation.

TOKYO -- Toyota Motor will invest 96 billion yen ($907 million) in Suzuki Motor, taking a stake of about 5% in the company, while Suzuki put about 48 billion yen of its own money into Toyota, forging an equity tie-up that will expand their ongoing technology partnership, Nikkei has learned.

The two automakers announced the capital alliance on Wednesday. They plan to work together on self-driving and other new technologies as the industry faces radical changes.

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