Suzuki Motor Corporation

Toyota plans to acquire a 4.94% stake in Suzuki for £743.3 million, while Suzuki will invest approximately £372 million in Toyota, pending regulatory approval.

Toyota Motor Corporation and Suzuki Motor Corporation have entered into a capital alliance agreement to promote collaboration in new fields including autonomous driving. Toyota will acquire 24,000,000 shares of Suzuki common stock.

Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation reached a basic agreement to establish a joint venture company in India to produce automotive lithium-ion battery packs. The joint venture will be capitalized at 2 billion yen, with Suzuki holding 50%, Toshiba 40% and Denso 10%, and initial capital expenditure of 20 billion yen.