This could possibly be the start of a pleasant enterprise partnership.
After the romance with Volkswagen AG resulted in a bitter breakup final yr, Suzuki is contemplating going to mattress with the world’s largest automaker.
Toyota and Suzuki at this time launched a joint press launch saying their intention to get collectively and see the place it goes.
The 2 automakers don’t make any commitments at this level, merely stating that each will “examine concepts geared toward establishing a enterprise partnership.”
Toyota overtook Volkswagen because the world’s largest automaker in September, however even business leaders acknowledge their shortcomings. Each automakers cite rising business consolidation and the constraints of a single firm’s R&D actions as the rationale for the potential hyperlink.
“Along with our efforts to handle environmental and vitality points and to maintain our prospects secure, we have to analysis and develop superior and future applied sciences reminiscent of automated driving,” mentioned Toyota President Akio Toyoda in a publication.
The manager admitted that Toyota is “probably not good” at alliance constructing. Nonetheless, the automaker must “get its fundamentals proper” and “create the power to reply to change so as to survive,” he mentioned.
Whereas Toyota is robust at analysis and improvement, Suzuki is aware of small vehicles and rising markets. In some ways, the potential partnership is similar to the alliance between Nissan and Mitsubishi introduced earlier this yr. (On this enterprise, nonetheless, Nissan was Mitsubishi’s monetary savior.)
At a joint press convention, Suzuki Chairman Osamu Suzuki mentioned the potential partnership was his firm’s concept. A month in the past, Suzuki reached out to Toyoda to debate the collaboration.
Suzuki’s auto enterprise relies on the sale of low cost mini-vehicles in Japan and India, which places the automaker on shaky floor, the chairman says.
“Even in international locations like this, we perceive that if we simply maintain refining the standard automotive applied sciences we have been engaged on, there shall be uncertainties going ahead,” mentioned Suzuki.
Suzuki entered into an unlucky alliance with Volkswagen in 2009. The German automaker took a 19.9 % stake in its Japanese associate. The love boat then sailed straight into the rocks. There have been reviews of issues with joint initiatives and sharpness between engineers and administration of each corporations that marked a fast finish to the as soon as promising alliance. Different reviews revealed by TTAC in 2012 maintain Osamu Suzuki instantly answerable for the failed alliance.
A global court docket of arbitration has finalized the divorce.
Oddly sufficient, a month earlier than the Volkswagen diesel emissions scandal exploded, the court docket dominated in favor of Suzuki. Hearty laughter was undoubtedly heard in Hamamatsu.
[Image: Toyota Motor Corporation]