Robots, M&A and self-driving cars make up Toyota’s game plan

Toyota and Mazda
Akio Toyoda, president of Toyota Motor Corp., left, and Masamichi Kogai, president and chief executive officer of Mazda Motor Corp., shake hands during a news conference in Tokyo, Japan, on Friday, Aug. 4, 2017. Photographer: Kiyoshi Ota/Bloomberg

Toyota Motor Corp. agreed to buy a stake in Mazda Motor Corp. and jointly build a $1.6 billion plant in the U.S. Asia’s largest automaker will also invest more in areas like self-driving cars to stay relevant in an industry upended by technological changes.

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