'Sharing' pact for Toyota and Mazda
Published 13/05/2015 | 02:30
TOYOTA and Mazda are to share technology to keep costs down, according to reports.
The 'partnership' has arisen because of spiralling development costs and ever stricter emissions regulations.
If it goes ahead, it is reported by the prestigious Reuters news agency that Toyota will share its fuel cell and plug-in hybrid technology, while Mazda will supply SkyActiv engines.
The news follows, but is not linked to, calls from Fiat Chrysler for extensive sharing of engines and transmissions.