Date
30 March 2017
Toyota is a pioneer in hybrid technology among carmakers. Photo: Bloomberg
Toyota is a pioneer in hybrid technology among carmakers. Photo: Bloomberg

Toyota, Mazda eye technology tie-up

Toyota Motor Corp. and Mazda Motor Corp. are in talks to share certain fuel-efficient technologies, The Wall Street Journal reported, citing an unnamed person knowledgeable about the matter.

Under a deal being negotiated, Toyota would offer its plug-in hybrid and fuel cell technologies to Mazda.

In return, Mazda would provide its fuel-efficient gasoline and diesel engine technologies to Toyota.

The new arrangement would expand the scope of an existing partnership between the two Japanese carmaker.

Toyota already provides its gasoline-electric hybrid technology for some Mazda cars, while Mazda is due to start producing a small car for Toyota at its plant in Mexico later this year.

Spokesmen from Toyota and Mazda said concrete plans haven’t been set for further technology swaps. 

Toyota president Akio Toyoda is concerned that the world’s biggest carmaker tends to be too inward-oriented and feels it needs to open up more to work with and learn from other companies, the newspaper said.

Mazda chief executive Masamichi Kogai said last month the firm would “seek the wisdom of other makers” for technologies that it cannot attain on its own.

– Contact us at [email protected]

FL/

EJI Weekly Newsletter

Please click here to unsubscribe