LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Toyota, Mazda, Denso to form electric vehicle venture: sources

Toyota, Japan`s biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Toyota, Mazda, Denso to form electric vehicle venture: sources
The logos of Toyota Motor and Mazda Motor are pictured before the companies'' joint news conference in Tokyo. Photo: Reuters
Written By: Reuters
Updated: Thu, Sep 28, 2017
08:46 am
Delhi, Reuters
RELATED NEWS
Toyota drives in new Fortuner in India with price starting at Rs 29.98 lakh Toyota drives in new Fortuner in India with price starting at Rs 29.98 lakh
Toyota halts operations at Bidadi plant again as union strike continues Toyota halts operations at Bidadi plant again as union strike continues
Toyota to double full-year profit forecast to more than $9.7 billion - media Toyota to double full-year profit forecast to more than $9.7 billion - media
Toyota launches SUV Urban Cruiser with price starting at Rs 8.4 lakh Toyota launches SUV Urban Cruiser with price starting at Rs 8.4 lakh

Toyota Motor Corp, Mazda Motor Corp and parts maker Denso Corp are planning to set up a joint venture to develop electric vehicles, sources familiar with matter said.

Toyota, Japan`s biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.

A formal announcement on the joint venture will be made later in the day, the sources said, declining to be identified as they were not authorised to discuss the matter publicly.

Global automakers are accelerating their efforts to develop electric vehicles as policymakers in key markets like China demand they shift their product lines to these cars over the next two to three decades.

Toyota said it has been conducting various studies with Mazda to boost their alliance. A Denso spokesman declined to comment. Mazda said nothing had been decided yet.

Shares in Mazda were up 3 percent in morning trade, while those in Denso were up 1.8 percent. Toyota shares were flat.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ToyotaMazda MotorDenso CorpElectric VehicleToyota - Mazda - Denso joint ventureAutomobile
RELATED NEWS
Toyota drives in new Fortuner in India with price starting at Rs 29.98 lakh Toyota drives in new Fortuner in India with price starting at Rs 29.98 lakh
Toyota halts operations at Bidadi plant again as union strike continues Toyota halts operations at Bidadi plant again as union strike continues
Toyota to double full-year profit forecast to more than $9.7 billion - media Toyota to double full-year profit forecast to more than $9.7 billion - media
Toyota launches SUV Urban Cruiser with price starting at Rs 8.4 lakh Toyota launches SUV Urban Cruiser with price starting at Rs 8.4 lakh
Toyota Innova Crysta bookings open now for BS 6 MPV! Check prices of petrol, diesel, manual, automatic variants Toyota Innova Crysta bookings open now for BS 6 MPV! Check prices of petrol, diesel, manual, automatic variants

LATEST NEWS

Facebook has no plan to reinstate Donald Trump's account across apps

Cash-strapped Pakistan sinks into debt trap - blow after blow for Imran Khan

Very IMPORTANT message from HDFC Bank! Net banking, mobile banking app will stop working tomorrow; check time and why such a step was taken

Ind vs Aus: Fans' constant support and belief kept us motivated to bring trophy back home, says Rahane

Proud moment for India, Telangana! Joe Biden inauguration speech writer is Indian-American Vinay Reddy - Top things to know

Vivo Y31 with 48MP AI triple camera launched in India | Check price, camera, features and bank offers here

Big financial assistance gift from Modi government to these 6 lakh beneficiaries of Uttar Pradesh

Budget 2021 Expectations LIVE: What India wants from Nirmala Sitharaman - Check latest news, updates, demands here

HDFC Securities says next resistance on Nifty will be around 14800, support at 14550

Budget preview: Consolidating under the cover of growth says Nomura

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved