![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBvHM-rYYnT-JcqxURadiwXZYbK03KfYPO7JR4mL7625vYDQgxvUiI9dNFOEAepcRNdM2sbvNv_0Oh4TFc6FB8DouEJKntUaZO6YmceeL6wJM6RS6pMrEGPUu9A55UXp6JiM4_lIoyJ5k/s1600/Toyota-RAV4-6.jpg)
The partnership between Toyota and Mazda appears to be growing as Nikkei is reporting the two companies are close to closing a deal which could pave the way for the joint-development of electric vehicle technology and a new plant in the United States.
According to the Japanese newspaper, Toyota will purchase a five percent stake in Mazda. Mazda will reportedly make a similar investment in Toyota but there's no word on specifics.
Besides investing in one another, the companies are reportedly discussing the possibility of building a new plant in the southern United States. Sources suggest the plant would primarily build crossovers and have an annual output of around 300,000 units.
A deal could be announced as early as Friday and Toyota told Reuters "We intend to submit a proposal to our board of directors today regarding the partnership with Mazda, however, we would like to refrain from providing further comment at this time." Mazda issued a similar statement saying “nothing has been decided yet” but the company “will have a board meeting on this matter today."
The partnership between Mazda and Toyota isn't as widely known as the company's previous tie-up with Ford but the automaker currently builds the Yaris iA which is a rebadged version of the Mazda2.
Photo Gallery
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwGtqmcx2dOZt9LP4ILKsbNGgJp-itjWWiyYalwVhLCDicmXIG2uaoYrYNoWZ1cuuvvHV0mPE6cjPlDezBfCfVp7SV3fHPU1lrKfvND7McMIzHxqp2OUO39Vyrlwntzi_SAKJqtV7LKqA/s200/Mazda-CX5-1.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjzlGVO0PTuVWDD6YmOi3srTH5l0Le6akx-2FeZ6Wh3RWq4x8zugEmPixawi3axdXcaVmeMvrUwhWMYqO7JMibms8Odj2JensojyKljWIszdG1IBZJ3eps9OhPwC1dPzVHf_QBtPi_PL4/s200/Mazda-CX5-2.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-bIdSmW9nvl59gF3B0XwKWJVLLz-mhRWbppKCqmuAEu9Meqz9X9EqTLmMf5VQ0DBzjGQGoKeRLMPZ6aG4gdEuGxgTDQysNhJGHchP08dUAbv3u7BmyDosRr8vLnaZAJ9TYSsXFPOSwzo/s200/Mazda-CX5-3.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgs5YlreG1PwWjDHBpxyRNhSwgJt7J-K4Gy9hUPVkF38HIvlycN5BStJNVMb-EshmsCs34VQXEfsXvF7C0dWet9JvP8h0tftKCkhv1ZbypHsQY1uYCX74C5I7Q9xcXarEwyTQ0gk9VeZ3g/s200/Toyota-RAV4-4.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFyhhGq4BqtxG1J8x1EEqmL_dKAE8TyJvbv360e7Qd0_sidefshVqQ16YeCBen5roxX-jstyWqLEqX4mTUNbDzuZFyF95YEjnTBs39flBblB9q_5C3uKaBqsod9vml3WHpLl6fE-Hax9o/s200/Toyota-RAV4-6.jpg)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhbsMvzT5RoGMzpH8zjO6qcpaNizWyGlqg92z74rE85160o8U6OAFWlx2yd2V1-91DXQzR1ZccWwQ03u2TX42bWuYIGLPAqGEeLTJo-AiuO3rVNk3hfAQc-EuaUMZaOZGu0KCOhNK_CHjI/s200/Toyota-RAV4-5.jpg)
Comments
Post a Comment