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Toyota, Mazda, Denso to form electric vehicle venture: sources

Toyota, Mazda, Denso to form electric vehicle venture: sources

Released Monday, 2nd October 2017
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Toyota, Mazda, Denso to form electric vehicle venture: sources

Toyota, Mazda, Denso to form electric vehicle venture: sources

Toyota, Mazda, Denso to form electric vehicle venture: sources

Toyota, Mazda, Denso to form electric vehicle venture: sources

Monday, 2nd October 2017
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The Toyota logo is seen on a car in a park lot in Sao Paulo, Brazil June 2, 2017. REUTERS/Paulo Whitaker TOKYO (Reuters) - Toyota Motor Corp (7203.T), Mazda Motor Corp (7261.T) and parts maker Denso Corp (6902.T) are planning to set up a joint venture to develop electric vehicles, sources familiar with matter said. Toyota, Japan’s biggest automaker, agreed to take a 5 percent stake in smaller rival Mazda in August and the two have flagged plans to jointly develop electric vehicle technologies.
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