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Automakers

Toyota will buy 5% stake in Suzuki in capital tie-up

Toyota CEO Akio Toyoda, left, and Suzuki Chairman Osamu Suzuki, are pictured at a joint news conference in 2016.  
MS
By:
Maki Shiraki and Makiko Yamazaki
R
By:
Reuters
|
August 28, 2019 08:37 AM

TOKYO -- Toyota and Suzuki will form a capital alliance, the Japanese automakers said on Wednesday, as they look to accelerate technological development and meet sweeping changes upending the global auto industry.

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