• Most Popular
  • Most Shared

Toyota to supply hybrid parts to Mazda: Nikkei

TOKYO
Wed Jul 15, 2009 7:08pm EDT

Stocks

   

TOKYO (Reuters) - Japanese automaker Toyota Motor Corp (7203.T) plans to supply core components for hybrid vehicles to smaller rival Mazda Motor Corp (7261.T), the Nikkei business daily reported on Thursday.

The components will be used in a hybrid vehicle Mazda is planning to launch as early as 2013, the Nikkei said.

Under the deal Toyota will supply batteries, motors, control units, and other components made by group parts makers to Mazda, the Nikkei said.

Mazda approached Toyota with the request for the hybrid components, the Nikkei said, adding that an announcement of the alliance is expected soon.

(Reporting by Nathan Layne; Editing by Edwina Gibbs)


More from Reuters

Photo

Rajaratnam, Chiesi plead innocent in Galleon case

NEW YORK (Reuters) - Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi asserted their innocence on Monday to charges of securities fraud, in what U.S. prosecutors describe as the biggest hedge fund insider trading case ever.

» More Top News
A view of a cemetery for foreign prisoners in the settlement of Spassk in central Kazakhstan December 10, 2009. REUTERS/Shamil Zhumatov

Despair in the Kazakh steppe

In icy Kazakhstan, barbed wire and crumbling barracks stand in testament to the decades of cruelty millions of ethnic Germans endured in Soviet gulag camps during Stalin's Great Terror campaign.  Full Article | Slideshow 

Two men shake hands in a file photo. REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article 

Global Deals Review