NAGOYA, Japan -- Toyota Motor and Mazda Motor are closing in on a capital partnership deal to pave the way for possible establishment of a joint-venture U.S. auto plant and joint development of key electric vehicle technologies, The Nikkei learned Thursday.
The two Japanese automakers are negotiating on the premise that Toyota will take a roughly 5% stake in Mazda, which in turn would invest in the other party as well. They will announce the tie-up as soon as Friday.
