Toyota, Suzuki enter new deal

TOYOTA and Suzuki will take small equity stakes in each other, the Japanese carmakers said, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry. The tie-up is the latest example of automakers chasing scale to manage costs and boost development. Automakers - especially smaller ones like Suzuki - are struggling to meet the breakneck growth of an industry transformed by the rise of electric vehicles (EVs), ride-hailing and autonomous driving.

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