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Suzuki joins team Toyota in race to set industry's course

Newcomers, technological advances altering the industry landscape

Toyota Motor President Akio Toyoda (left) and Suzuki Motor Chairman Osamu Suzuki.

NAGOYA --Toyota Motor hopes its alliance with Suzuki Motor will be a formidable addition to the extensive web of partnerships it is building to contend with such challenges as rapid technological advances and changing driving habits.

"I am truly thankful for the opportunity to work together with Suzuki, a company full of the spirit of challenge," Toyota President Akio Toyoda said Monday. The two automakers have signed a memorandum of understanding on a comprehensive business tie-up, the result of discussions in progress since last autumn. Specific topics of cooperation have yet to be finalized, but likely will include safety, environmental and information technology, as well as parts procurement and production.

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