Japan trade minister welcomes cooperation between Toyota and Mazda
Japanese Trade Minister Hiroshige Seko said on Friday he welcomed the cooperation between Toyota Motor Corp and Mazda Motor Corp on producing cars with next-generation technology.
Khodrocar reports, Seko, speaking to reporters, said he was sure the tie-up between the two companies would contribute to the development of electronic vehicles.
He also said the government would consider ways to support the spread of next-generation cars including electric, plug-in hybrids and cars running on fuel cells.
Toyota and Mazda announced on Friday they would build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota would take a 5 percent stake in its smaller rival.
Source: reuters.com
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