Mazda and Toyota Take Their Relationship to the Next Level, Start Planning an Assembly Plant

Toyota Motor Corp. is set to strike a deal to take a 5-percent stake in fellow Japanese automaker Mazda Motor Corp. The alliance includes the construction of a joint-venture $1.6 billion U.S. automotive plant and sharing EV technology — showing that Mazda hasn’t totally sworn off the idea of an electric car.

The two companies have been dating casually for a couple of years; Toyota sometimes uses Mazda’s Mexican factory to build compact cars, the two have fostered a love child (the Mazda 2-based Toyota Yaris iA), but this is the first time they’ve seriously considered moving in together. Toyota claimed the decision was about more than just a strategy to share technology, suggesting the automakers had genuine feelings for one another.

“The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars,” Toyota President Akio Toyoda said in a statement, “It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities.”

Read more
  • Master Baiter Mass adoption of EVs will require:[list=1][*]400 miles of legitimate range at 80 MPH at 100°F with the AC on, or at -10°F with the cabin heated to 72°F. [/*][*]Wide availability of 500+ kW fast chargers that are working and available even on busy holidays, along interstates where people drive on road trips. [/*][*]Wide availability of level 2 chargers at apartments and on-street in urban settings where people park on the street. [/*][*]Comparable purchase price to ICE vehicle. [/*][/list=1]
  • Master Baiter Another bro-dozer soon to be terrorizing suburban streets near you...
  • Wolfwagen NO. Im not looking to own an EV until:1. Charge times from 25% - 100% are equal to what it takes to fill up an ICE vehicle and 2. until the USA proves we have enough power supply so as not to risk the entire grid going down when millions of people come home from work and plug their vehicles in the middle of a heat wave with feel-like temps over 100.
  • Kwik_Shift_Pro4X Where's the mpg?
  • Grg These days, it is not only EVs that could be more affordable. All cars are becoming less affordable.When you look at the complexity of ICE cars vs EVs, you cannot help. but wonder if affordability will flip to EVs?