Mazda vows to stay independent despite deeper ties with Toyota

FAN Editor
FILE PHOTO: A Mazda Motor Corp. logo is pictured at the International Auto Show in Mexico City
FILE PHOTO: A Mazda Motor Corp. logo is pictured at the International Auto Show in Mexico City, Mexico November 23, 2017.REUTERS/Henry Romero

January 17, 2018

DETROIT (Reuters) – Japan’s Mazda Motor Corp <7261.T> on Wednesday said that while it is deepening its development and production partnership with Toyota Motor Corp <7203.T>, the small automaker would remain a company independent from its much bigger rival.

Mazda and Toyota last week said they will build a $1.6 billion joint assembly plant in Alabama, and the two companies are working together to develop electric cars, automated driving systems and connected vehicles.

“Despite this technology partnership, Mazda intends to remain an independent company,” Masahiro Moro, president and CEO of Mazda’s North American operations, said at an auto industry conference in Detroit.

“We are driven to make cars and SUVs our way, focusing on making driving better.”

(Reporting by Naomi Tajitsu and Nick CareyEditing by Chizu Nomiyama)

Free America Network Articles

Leave a Reply

Next Post

Bank of Canada hikes rates, says accommodation still needed

January 17, 2018 By Andrea Hopkins and Leah Schnurr OTTAWA (Reuters) – The Bank of Canada raised interest rates on Wednesday, as expected, but said that while more rate hikes are probably warranted, some continued monetary policy accommodation will likely be needed to maintain optimal growth and inflation. The third […]