Toyota and Suzuki announce self-driving car technology partnership

Time 2 years ago

JAPAN’S top carmaker, Toyota, and smaller rival Suzuki have announced they are partnering in the development of self-driving technology.

The move comes as manufacturers around the world grapple with innovations in the industry.

Toyota will take a 4.9 per cent stake in Suzuki Motor Corp, valued at 96 billion yen (£744 million), and Suzuki will make a 48 billion yen (£372 million) investment in Toyota.

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In 2017, Toyota and Suzuki agreed to work together in ecological and safety technology. That deal did not include owning mutual stakes.

Car manufacturers are facing a costly shift towards the use of artificial intelligence and various ecological and safety technologies.

Toyota makes the top-selling hybrid vehicle, Prius.

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Car Dealer has been covering the motor trade since 2008 as both a print and digital publication. In 2020 the title went fully digital and now provides daily motoring updates on this website for the car industry. A digital magazine is published once a month.

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