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Toyota takes stake in Mazda, links up for $1.6 billion U.S. plant

| Biz News, Business Development, USA | 08/10/2017

Toyota Motor President Akio Toyoda and Mazda Motor President Masamichi Kogai bow at a joint news conference in Tokyo, Japan August 4, 2017. Photo by Kim Kyung-Hoon

Toyota takes stake in Mazda, links up for $1.6 billion U.S. plant

Date: Aug 4, 2017
Source: Reuters By Naomi Tajitsu and Sam Nussey

TOKYO (Reuters) – Toyota Motor Corp said on Friday it planned to take a 5 percent share of smaller Japanese rival Mazda Motor Corp, as part of an alliance that will see the two build a $1.6 billion U.S. assembly plant and work together on electric vehicles.

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