“The goal of the alliance is to establish and promote long-term partnerships between the two companies in order to develop cooperation in new areas, including in the field of autonomous driving,” the press service of Toyota said.
As part of the alliance, Toyota will buy a 4.9% stake in Suzuki for $ 907 million, and Suzuki will acquire Toyota shares for $ 453.6 million.
Earlier, Nation News, citing the analytical agency Avtostat, reported that the Russians bought 3.86 million new and used cars since the beginning of 2019.