From Automotive News:
Toyota Motor Corp. and Mazda Motor Corp. have agreed to form a "long-term partnership" that deepens collaboration on products, manufacturing and technologies as carmakers race to spread spiraling development costs amid ever-stricter emissions standards.
Under the agreement announced May 13, the carmakers will form a joint committee to evaluate "how best to utilize each company's respective strengths," the companies said in a statement.
The announcement comes amid media reports that said the two companies are exploring numerous projects. Among them would be an arrangement in which Toyota supplies Mazda with its hydrogen fuel cell system and plug-in hybrid technology, in exchange for receiving Mazda's fuel-efficient Skyactiv gasoline and diesel engine technology.
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