Toyota to take 5% stake in Mazda; to build joint plant
Toyota to take 5% stake in Mazda; to build joint plant
Toyota and Mazda to collaborate for putting up a plant in USA
07 Agosto, 2017, 11:16
The results come as it is expected to announce plans to join forces with smaller rival Mazda Motor Corp to build a $1.6 billion U.S assembly plant and develop electric vehicle technologies, according to a person briefed on the matter. The deal is expected to involve a joint-venture auto manufacturing plant in the US, working together on green technology and a capital alliance.
Toyota and Mazda are forming a capital alliance and splitting the cost for the plant equally. Both companies also have a history are working with other automakers.
This fiscal quarter seems to bring joy and happiness to the centers of giant auto manufacturing company, Toyota since they managed to raise their profits with the help of their increased sales revenues.
Southern states have advantages including rail and highway infrastructure, proximity to major ports and business-friendly labor and regulatory environments, said Foster Finley, head of consulting firm AlixPartners operations practice. This is a partnership in which those who are passionate about cars will work together to make ever-better cars.
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Toyota is vying for the spot of No. 1 automaker in global vehicle sales against Nissan-Renault and Volkswagen AG of Germany, as the industry gradually consolidates.
The announcement by Toyota and Mazda earned a congratulatory tweet from the president early Friday.
The limited tie-up with Mazda marks the latest addition to Toyota's sprawling empire, which includes Japanese truck maker Hino Motors and minicar maker Daihatsu Motor Co. It is also the top shareholder in Fuji Heavy Industries، the maker of Subaru cars. That venture, though, was a partnership with Ford. But Ford began cutting ties in 2008, and has shed its stake in Mazda.
Toyota's April-June profit of 613.0 billion yen ($5.6 billion), up from 552.4 billion yen a year earlier.
The world's No. 2 automaker said it now expects full-year operating profit of 1.85 trillion yen ($16.80 billion), up from a previous forecast of 1.6 trillion yen but down from 1.99 trillion yen last year.
As in Australia, Mazda already sells the CX-3, CX-5 and CX-9 in the United States, so the new factory may produce - for both North America and Australia - the CX-4 and upcoming CX-8 that are now only confirmed for sale in China and Japan respectively.
"Nothing would please me more than if, through this alliance, we can help to energise the auto industry and create more vehicle fans by bringing together two competitive spirits to spur each other on, leading to innovations and fostering talent and leaders".
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