Nearly nine months after denying that such a tie-up was taking place, Toyota and Suzuki have announced an agreement to explore ideas pertaining to a business partnership. This comes months after the latter finally ended a bitter four-year joint-venture with Volkswagen.
On the outset, the collaboration is similar in scope to the previous one, with Suzuki benefitting from Toyota’s extensive research and development in terms of environmental friendliness, safety and information technology – Suzuki is said to be feeling a growing “uncertainty” in the face of an increasingly technologically-advanced R&D field.
In return, Suzuki will work with Toyota on creating new industry standards, as the latter “is conscious of the fact that it may be behind competitors in North America and Europe when it comes to the establishment of standardizations and partnership [sic] with other companies.” Both companies are claimed to be open about the possibility of other companies entering the partnership, aiming for standardisation in the industry.
Suzuki and Toyota have agreed to continue competing with each other in a fair and independent manner – particularly important considering that Suzuki not only competes with Toyota in certain market segments, but is also playing at the same compact car sector as Toyota’s subsidiary Daihatsu.
“Toyota is the industry-leading, and the most reliable company which is actively working on various advanced and future technologies,” said Suzuki chairman Osamu Suzuki. “I am appreciative that Suzuki is able to start discussions with Toyota to explore ideas on a partnership. We will proceed with discussions for the future of Suzuki.”
Toyota president Akio Toyoda said, “As the environment which surrounds the automobile industry has been changing drastically, we need to have the ability to respond to changes in order to survive. In addition to the R&D which each company is working on individually, it is very important now to have partners who share the same goal and passion.
“We would like to always keep our doors open for new partnership opportunities, which will contribute to the making of ever-better cars as well as to the development of the automotive industry.”
Such a partnership could affect our national carmakers Proton and Perodua. The former has an ongoing licensing agreement with Suzuki – which is also one of the candidates for a strategic foreign partner – while the latter produces cars based on Daihatsu platforms.
Looking to sell your car? Sell it with Carro.
I tot only human main Kayu Tiga. Now Suzuki is doing the same to Toyota & P1. Good luck to U guys in P1. Looks like Suzuki is in “Survival” mode himself.
But must sell cheap
Proton Ertiga & Proton CH-R.
Proton 86 jugak
Proton is practically bankrupt if not without the aids from the gomen 1.5 billion. In a market that is not even liberalised Proton already cannot survive. It’s basically a liability for this country and to all Malaysians.
No proton means cheap foreign cars? In your dream
In another words, it could be a possibility that Suzuki is lagging behind in developing future powertrain technology (hybrid & electric propulsion) as well as the IT-side of automotive technology.Suzuki excels as building entry level cars but is increasingly concerned about the level of technologies fielded by the worlds’ major auto manufacturers, which is why they have explored partnership with Toyota. This could affect the selection process of Proton’s strategic partner..