Toyota, Mazda partner on EV development

Sep. 28, 2017 2:07 AM ETToyota Motor Corporation (TM)TM, DNZOY, MZDAF, DNZOF, MZDAYBy: Yoel Minkoff, SA News Editor5 Comments
  • Seeking to catch up with rivals, Toyota (NYSE:TM) is establishing a new venture to develop electric vehicle technology with partner Mazda (OTCPK:MZDAY) and parts maker Denso (OTCPK:DNZOY).
  • Global automakers are accelerating their efforts to develop battery-powered cars as policymakers in key markets like China demand a shift to these product lines over the next two to three decades.

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