Toyota and Suzuki Study Partnership, Eye Emerging Markets

Toyota Motor Corp. and Suzuki Motor Corp. are investigating the potential for a wide-ranging partnership to meet increasing demand for compact cars in India and other emerging markets, sources familiar with the matter said Wednesday.

Toyota and Suzuki are apparently exploring the possibility of joining hands in safe driving technology and eco-friendly cars, with cross-shareholdings an option, the sources added.

If realized, such a partnership could have broader implications for the car industry, at a time when Japanese automakers have enjoyed strong sales overseas but domestic demand for vehicles remains sluggish. (PNA/Kyodo) FFC/PJN