Toyota, Suzuki form capital alliance to develop autonomous vehicle technology

Toyota, Suzuki form capital alliance to develop autonomous vehicle technology

A visitor is reflected in a logo of Toyota Motor Corp at the company's showroom in Tokyo February 4, 2015. REUTERS/Yuya Shino

Strengthening their existing collaboration to develop futuristic technologies, Japanese vehicle manufacturers Toyota Motor Co and Suzuki Motor Co on Wednesday announced ‘capital alliance’ for equity investment in each other. While Toyota will purchase 4.94% shares of Suzuki Motor Co worth 96 billion Japanese yen, the latter will buy shares worth 48 billion yen in the former.

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