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Business

With Mazda tie-up, Toyota accelerates partnership strategy

Leading Japanese automaker casts wide net to take on high-tech competition

Toyota Motor President Akio Toyoda, left, and Mazda Motor's Masamichi Kogai at a 2015 press conference.

TOKYO/NAGOYA, Japan -- Toyota Motor is stepping on the partnership gas, planning a mutual investment with Mazda Motor on top of last year's full takeover of Daihatsu Motor, as a rewriting of auto industry norms forces it to seek collaboration to improve quality as well as scale.

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