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Toyota Motor President Akio Toyoda, left, stands with Suzuki Motor Chairman Osamu Suzuki.
Business

Toyota near tie-up with Suzuki on development, procurement

Leading Japanese automaker expands alliances targeting IT, self-driving

| Japan

NAGOYA, Japan -- Toyota Motor and Suzuki Motor are near an agreement on a comprehensive partnership covering areas such as development and procurement, it was learned Friday.

The two Japanese automakers could announce a deal as soon as Monday, setting specific points of cooperation later. On the development side, these are expected to include self-driving technology and applications for information technology, as well as advancements needed to keep up with increasingly strong global environmental standards. Partnering on procurement could involve sharing sources for parts in Japan and abroad.

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