Toyota announced that it plans to take an ownership share in rival Japanese automaker Mazda and will be working with Mazda to build a U.S. assembly plant.
Reuters reports that Toyota announced plans to take a 5% share in Mazda Motor and that the alliance will include building a $1.6 billion plant in the U.S. while working together on electric vehicles. The report adds that the alliance is “an attempt to catch up with rivals in the race for electric car technology.” Any import fans have an opinion on this?
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