Toyota Motor And Mazda Reportedly In Talks On Expanding Partnership

(RTTNews) - Toyota Motor (TM) and Mazda Motor (MZDAF.PK) are in the final stages of talks on a comprehensive partnership in eco-friendly technology, Nikkei reported.

Toyota intends to supply fuel cell and plug-in-hybrid technology.

Meanwhile, Mazda will consider offering its proprietary Skyactiv green technology. Toyota hopes to use it to add more fuel-efficient gasoline and diesel vehicles alongside its own advanced lineup of hybrids and fuel cell cars.

The Japanese automakers will also consider cooperating in other areas, including procurement of commercial vehicles from the Toyota group and joint purchasing of parts.

The report said that the companies intend to reach a consensus on a broad framework soon. They hope to strengthen their relationship after having achieved positive results from previous agreements.

Toyota provided hybrid-vehicle technology to Mazda in 2010, while Mazda agreed in 2012 to supply subcompact cars from a Mexican plant to Toyota.