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Found 12 results

  1. Mazda and Toyota announced today a new alliance that will strengthen their current partnership and see the two collaborate on a number of projects. The big news is a new, $1.6 billion joint-venture assembly plant for the U.S. The location hasn't been revealed, but it will produce Corollas and Mazda crossovers. The plant is expected to open in 2021 and produce up to 300,000 vehicles per year. The other big news deals with the two forming a shared capital structure. Toyota will acquire 5.05 percent into Mazda, and Mazda will get 0.25 percent of Toyota. The two will also work together on developing electric vehicles and various safety technologies. Additionally, Mazda and Toyota will “explore the possibilities of other complementary products on a global level.” “The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars. It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities,” said Toyota President Akio Toyoda in a statement. Source: Mazda, Toyota Press Release is on Page 2 Toyota and Mazda Enter Business and Capital Alliance Signed agreement marks start of concrete collaboration aimed at creating new types of value for future mobility and achieving further sustainable growth TOKYO, August 4, 2017 - Toyota Motor Corporation (Toyota) and Mazda Motor Corporation (Mazda) signed an agreement today to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. Today’s agreement is a testament to the positive result of two years of collaborative and deliberate discussions between the two companies, and it is a milestone in the journey to further strengthen and accelerate the partnership in a sustainable way. Specifically, the companies agreed to: 1) establish a joint venture that produces vehicles in the United States, 2) jointly develop technologies for electric vehicles, 3) jointly develop connected-car technology, 4) collaborate on advanced safety technologies and 5) expand complementary products. In addition, together with the aim of advancing and strengthening their long-term collaboration, Toyota and Mazda agreed to a capital alliance arrangement that preserves independence and equality for both companies. In the capital tie-up, the two companies have agreed that Toyota will subscribe for and acquire shares to be newly issued by Mazda through a third-party allotment, and at the same time Mazda will subscribe for and acquire third-party allocation shares of treasury stock disposed of by Toyota in the equivalent amount in value to the Mazda shares. The value of the shares mutually acquired by both companies will be equivalent. Marking the agreement, Toyota President Akio Toyoda said: “The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars. It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities.” Representing Mazda, President and CEO Masamichi Kogai said: “Nothing would please me more than if, through this alliance, we can help to energize the auto industry and create more car fans by bringing together two competitive spirits to spur each other on, leading to innovations and fostering talent and leaders.” The auto industry increasingly faces great challenges, including stricter environmental and safety regulations for new vehicles and the entrance of competitors from other industries, as well as the diversification of mobility-related businesses. With the future of the industry in mind, in addition to leveraging their individual strengths to further improve technologies and reinforce their business foundations, Toyota and Mazda aim to deepen collaboration and achieve sustainable growth through their partnership, rising to face and overcome these pressing challenges. On May 13, 2015, Toyota and Mazda entered an agreement to build a continuous partnership that would mutually benefit the companies in such forms as leveraging the resources of both companies and complementing each other’s products and technologies toward the goal of making more-appealing cars. Since then, both companies have discussed various areas to explore, based on the principle of building an equal and favorable relationship in the long term. Over the medium- to long-term, the two companies will build a favorable relationship that respects the autonomy and equality of each party and works toward success with the agreed joint projects. With the aim of creating new types of value for future mobility, they will accelerate and enhance bilateral cooperation as long-term partners and contribute to the development of a sustainable society by exceeding customers’ expectations. Details of the agreement on business alliance 1) Establish a joint venture that produces vehicles in the U.S. As part of the new alliance, Toyota and Mazda have agreed to explore establishing a joint venture plant in the U.S. with equal funding contributions. The plant would have an estimated annual production capacity of approximately 300,000 units. Pending approvals and authorization by relevant government agencies, the companies will begin to examine detailed plans with the goal to starting operations of the new plant in 2021. The plant will require a total investment of approximately 1.6 billion U.S. dollars, and will create up to 4,000 jobs. In addition to the collaboration in product and technology areas that the companies have enjoyed thus far, Toyota and Mazda intend to improve competitiveness in manufacturing through this new production collaboration. At the new plant, Mazda expects to produce cross-over models that Mazda will newly introduce to the North American market, and Toyota plans to produce the Corolla for the North American market. By producing vehicles in the U.S., Mazda aims to build a production structure to further grow in North America. These activities will allow the company to more quickly respond to its customers’ needs depending on the region and model. By further increasing its production capacity in the U.S., Toyota is to further pursue management that is closer to the region, as a measure to improve its response to the growing North American market. At Toyota’s new plant in Guanajuato, Mexico, which is currently under construction, Toyota plans to produce the Tacoma, instead of the Corolla. There will be no substantial impact on Toyota’s investment and employment plan there. 2) Jointly develop technologies for electric vehicles With increasing demand and expectations for electric vehicles worldwide, Toyota and Mazda are to explore joint development of technologies for the basic structure of competitive electric vehicles, mobilizing and exchanging expertise freely and actively. These technologies will allow the companies to respond quickly to regulations and market trends in each country. Specific details of the collaboration will be determined as the companies work together going forward. 3&4) Jointly develop connected technology and collaborate on advanced safety technologies Toyota and Mazda will work together to jointly develop technologies for onboard multimedia infotainment systems in preparation for increased use of in-car information technologies and the increasing demand for connected technologies. In addition, Toyota will cooperate with Mazda in Toyota’s vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) technologies with the ultimate goal of creating a mobile society devoid of accidents. 5) Expand complementary products Currently, Mazda is supplying a compact sedan to Toyota in North America. In addition, Toyota is to supply a compact commercial “two-box” van to Mazda in Japan. Beyond this, the companies will further explore the possibilities of other complementary products on a global level. Details of the capital alliance Based on the agreement, the companies will aim to develop sustainable collaboration, maximizing the synergies of the business and capital alliance by mutually acquiring shares as stated below. Toyota will acquire 31,928,500 shares of common stock newly issued by Mazda through a third-party allotment (shareholding ratio of 5.05% on an issued share basis after the capital increase; total value of 50 billion yen). Mazda will, through a disposition of treasury stock through a third-party allotment to be implemented by Toyota, acquire Toyota shares that are equivalent in value to the Mazda shares (shareholding ratio of 0.25% on an issued share basis). The two companies plan to apply proceeds from the capital increase through the third-party allotment and the disposition of treasury stock through the third-party allotment to fund, in part, capital expenditures relating to the establishment of the joint venture to produce vehicles in the U.S. Both companies are to consider strengthening their capital alliance further, in line with the progress of their business alliance.
  2. We have been wondering what kind of impact the Mitsubishi and Nissan alliance would bring to the table. According to a report from Automotive News, it looks like delays for a couple of key products for the diamond star brand. Speaking with supplier sources, Mitsubishi has pushed back the redesigns of the Outlander and Outlander Sport crossovers. Originally, Mitsubishi was planning to launch the next Outlander "in the fiscal year ending March 31, 2019", while the Outlander Sport would follow a year later. Now, the Outlander has been pushed back to late 2019 or 2020 and the Sport to after 2020. The delay is due to a review being undertaken by Mitsubishi and Nissan to search for a way to share architecture and parts with the Rogue and Rogue Sport. According to sources, the goal is to "commonize underpinnings and components" to save money while keeping an outer identity distinct to each brand. Mitsubishi confirmed the review but declined to comment on any delays. This delay could be a big blow for Mitsubishi's dealers in the U.S. who have been clamoring for new products. Joe Bizzarro, chairman of Mitsubishi's national dealer advisory board told Automotive News that no such delay was discussed during a meeting with dealers earlier this year - leading us to suspect this delay has come up recently. Dealers have yet to be notified about this delay. Right now, the only new product destined for Mitsubishi's U.S. dealers is the upcoming Eclipse Sport due in early 2018. Source: Automotive News (Subscription Required)
  3. The recently announced alliance between Ford and Volkswagen will not bring any benefits to North America at the beginning. Both companies said that the partnership will focus on Africa, Europe, and South America beginning with commercial vans and the next-generation Ranger/Amarok pickup. Down the road, both Ford and Volkswagen said there could be a potential product for the U.S. While Ford is keeping quiet on what that product could be, Volkswagen CEO Herbert Diess said that a commercial vehicle being jointly developed by the two could come over. "Some of those, yes, but it's not yet decided which vehicle comes to America," said Diess. Volkswagen's commercial vehicle lineup is extensive with vans ranging in size from the compact Caddy (Transit Connect-sized) to the large Crafter (about Transit-sized). We would guess something like the Caddy and possibly the Transporter coming to the U.S. in the next few years. Of course, there is talk about a pickup truck - something dealers have been asking for some time. While there is a very slim chance of the Amarok coming, the Atlas Tanoak concept shown at New York last year seems to have a better chance. Source: Automotive News (Subscription Required), 2
  4. It is official. Ford and Volkswagen announced this morning a new global alliance that will focus on developing "commercial vans and medium-sized pickups." Ford will handle the development of next-generation mid-size pickups (Ranger and Amarok), along with developing and building larger vans for the European market. Volkswagen for its part will work on a small city van. “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness,” said Volkswagen CEO Herbert Diess. “Over time, this alliance will help both companies create value and meet the needs of our customers and society. It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility,” added Ford CEO Jim Hackett. The two also announced plans to explore "autonomous vehicles, mobility services and electric vehicles," along with adding new vehicle programs. Source: Ford, Volkswagen Volkswagen AG And Ford Motor Company Launch Global Alliance Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers Alliance does not involve cross-ownership between the two companies Companies to first deliver medium pickup trucks for global customers, aiming to start in 2022, and intend to follow with commercial vans in Europe Van and pickup agreements are targeted to deliver scale and efficiencies for each company starting in 2023 Volkswagen and Ford also are committed to exploring potential collaboration on EVs, autonomous vehicles and mobility services DETROIT, Jan. 15, 2019 – Volkswagen AG and Ford Motor Company today announced the first formal agreements in a broad alliance that positions the companies to boost competitiveness and better serve customers in an era of rapid change in the industry. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022. The alliance will drive significant scale and efficiencies and enable both companies to share investments in vehicle architectures that deliver distinct capabilities and technologies. The companies estimate the commercial van and pickup cooperation will yield improved annual pre-tax operating results, starting in 2023. In addition, Volkswagen and Ford have signed a memorandum of understanding to investigate collaboration on autonomous vehicles, mobility services and electric vehicles and have started to explore opportunities. Both companies also said they were open to considering additional vehicle programs in the future. The teams will continue working through details in the coming months. “Over time, this alliance will help both companies create value and meet the needs of our customers and society,” Hackett said. “It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility.” Diess added: “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness.” The alliance, which does not entail cross-ownership between the two companies, will be governed by a joint committee. This committee will be led by Hackett and Diess and will include senior executives from both companies. Commercial van and pickup collaboration Ford and Volkswagen both have strong commercial van and pickup businesses around the globe, with popular nameplates such as the Ford Transit family and Ranger as well as the Volkswagen Transporter, Caddy and Amarok. The companies’ collective light commercial vehicle volumes from 2018 totaled approximately 1.2 million units globally, which could represent the industry’s highest-volume collaboration as production scales. Demand for both medium pickups and commercial vans is expected to grow globally in the next five years. The alliance will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies, while maintaining distinct brand characteristics. Through the alliance, Ford will engineer and build medium-sized pickups for both companies which are expected to go to market as early as 2022. For both parties, Ford intends to engineer and build larger commercial vans for European customers, and Volkswagen intends to develop and build a city van.
  5. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters
  6. Last week we reported that Toyota and Suzuki are forming an alliance to share technology and small-car platforms between the two companies. The deal, however, looked great for Suzuki but with not much in it for Toyota. Today brings some clarity to the arrangement. India is currently the 4th largest new car market and is expected to leapfrog Japan to number 3 in the near future. Being such a large and growing market has outsiders clamoring to get in, but one company is already there in a big way. Suzuki's local subsidiary Maruti accounts for 46 percent of the sub-contienent's new-vehicle sales. We reported earlier that Suzuki agreed to provide Toyota with two compact vehicles to sell in India and will produce one of its SUVs in a Toyota factory in India. Toyota has taken a rather hands-off approach to the companies it buys a stake in. Subaru, Mazda, Daihatsu all enjoy relative autonomy from the Toyota juggernaut. The same remains to be seen with this tie up with Suzuki.
  7. We have been wondering what kind of impact the Mitsubishi and Nissan alliance would bring to the table. According to a report from Automotive News, it looks like delays for a couple of key products for the diamond star brand. Speaking with supplier sources, Mitsubishi has pushed back the redesigns of the Outlander and Outlander Sport crossovers. Originally, Mitsubishi was planning to launch the next Outlander "in the fiscal year ending March 31, 2019", while the Outlander Sport would follow a year later. Now, the Outlander has been pushed back to late 2019 or 2020 and the Sport to after 2020. The delay is due to a review being undertaken by Mitsubishi and Nissan to search for a way to share architecture and parts with the Rogue and Rogue Sport. According to sources, the goal is to "commonize underpinnings and components" to save money while keeping an outer identity distinct to each brand. Mitsubishi confirmed the review but declined to comment on any delays. This delay could be a big blow for Mitsubishi's dealers in the U.S. who have been clamoring for new products. Joe Bizzarro, chairman of Mitsubishi's national dealer advisory board told Automotive News that no such delay was discussed during a meeting with dealers earlier this year - leading us to suspect this delay has come up recently. Dealers have yet to be notified about this delay. Right now, the only new product destined for Mitsubishi's U.S. dealers is the upcoming Eclipse Sport due in early 2018. Source: Automotive News (Subscription Required) View full article
  8. Mazda and Toyota announced today a new alliance that will strengthen their current partnership and see the two collaborate on a number of projects. The big news is a new, $1.6 billion joint-venture assembly plant for the U.S. The location hasn't been revealed, but it will produce Corollas and Mazda crossovers. The plant is expected to open in 2021 and produce up to 300,000 vehicles per year. The other big news deals with the two forming a shared capital structure. Toyota will acquire 5.05 percent into Mazda, and Mazda will get 0.25 percent of Toyota. The two will also work together on developing electric vehicles and various safety technologies. Additionally, Mazda and Toyota will “explore the possibilities of other complementary products on a global level.” “The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars. It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities,” said Toyota President Akio Toyoda in a statement. Source: Mazda, Toyota Press Release is on Page 2 Toyota and Mazda Enter Business and Capital Alliance Signed agreement marks start of concrete collaboration aimed at creating new types of value for future mobility and achieving further sustainable growth TOKYO, August 4, 2017 - Toyota Motor Corporation (Toyota) and Mazda Motor Corporation (Mazda) signed an agreement today to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. Today’s agreement is a testament to the positive result of two years of collaborative and deliberate discussions between the two companies, and it is a milestone in the journey to further strengthen and accelerate the partnership in a sustainable way. Specifically, the companies agreed to: 1) establish a joint venture that produces vehicles in the United States, 2) jointly develop technologies for electric vehicles, 3) jointly develop connected-car technology, 4) collaborate on advanced safety technologies and 5) expand complementary products. In addition, together with the aim of advancing and strengthening their long-term collaboration, Toyota and Mazda agreed to a capital alliance arrangement that preserves independence and equality for both companies. In the capital tie-up, the two companies have agreed that Toyota will subscribe for and acquire shares to be newly issued by Mazda through a third-party allotment, and at the same time Mazda will subscribe for and acquire third-party allocation shares of treasury stock disposed of by Toyota in the equivalent amount in value to the Mazda shares. The value of the shares mutually acquired by both companies will be equivalent. Marking the agreement, Toyota President Akio Toyoda said: “The greatest fruit of our partnership with Mazda is that we have found a new partner who truly loves cars. It has also sparked Toyota’s competitive spirit, increasing our sense of not wanting to be bested by Mazda. This is a partnership in which those who are passionate about cars will work together to make ever-better cars. It is also the realization of our desire to never let cars become commodities.” Representing Mazda, President and CEO Masamichi Kogai said: “Nothing would please me more than if, through this alliance, we can help to energize the auto industry and create more car fans by bringing together two competitive spirits to spur each other on, leading to innovations and fostering talent and leaders.” The auto industry increasingly faces great challenges, including stricter environmental and safety regulations for new vehicles and the entrance of competitors from other industries, as well as the diversification of mobility-related businesses. With the future of the industry in mind, in addition to leveraging their individual strengths to further improve technologies and reinforce their business foundations, Toyota and Mazda aim to deepen collaboration and achieve sustainable growth through their partnership, rising to face and overcome these pressing challenges. On May 13, 2015, Toyota and Mazda entered an agreement to build a continuous partnership that would mutually benefit the companies in such forms as leveraging the resources of both companies and complementing each other’s products and technologies toward the goal of making more-appealing cars. Since then, both companies have discussed various areas to explore, based on the principle of building an equal and favorable relationship in the long term. Over the medium- to long-term, the two companies will build a favorable relationship that respects the autonomy and equality of each party and works toward success with the agreed joint projects. With the aim of creating new types of value for future mobility, they will accelerate and enhance bilateral cooperation as long-term partners and contribute to the development of a sustainable society by exceeding customers’ expectations. Details of the agreement on business alliance 1) Establish a joint venture that produces vehicles in the U.S. As part of the new alliance, Toyota and Mazda have agreed to explore establishing a joint venture plant in the U.S. with equal funding contributions. The plant would have an estimated annual production capacity of approximately 300,000 units. Pending approvals and authorization by relevant government agencies, the companies will begin to examine detailed plans with the goal to starting operations of the new plant in 2021. The plant will require a total investment of approximately 1.6 billion U.S. dollars, and will create up to 4,000 jobs. In addition to the collaboration in product and technology areas that the companies have enjoyed thus far, Toyota and Mazda intend to improve competitiveness in manufacturing through this new production collaboration. At the new plant, Mazda expects to produce cross-over models that Mazda will newly introduce to the North American market, and Toyota plans to produce the Corolla for the North American market. By producing vehicles in the U.S., Mazda aims to build a production structure to further grow in North America. These activities will allow the company to more quickly respond to its customers’ needs depending on the region and model. By further increasing its production capacity in the U.S., Toyota is to further pursue management that is closer to the region, as a measure to improve its response to the growing North American market. At Toyota’s new plant in Guanajuato, Mexico, which is currently under construction, Toyota plans to produce the Tacoma, instead of the Corolla. There will be no substantial impact on Toyota’s investment and employment plan there. 2) Jointly develop technologies for electric vehicles With increasing demand and expectations for electric vehicles worldwide, Toyota and Mazda are to explore joint development of technologies for the basic structure of competitive electric vehicles, mobilizing and exchanging expertise freely and actively. These technologies will allow the companies to respond quickly to regulations and market trends in each country. Specific details of the collaboration will be determined as the companies work together going forward. 3&4) Jointly develop connected technology and collaborate on advanced safety technologies Toyota and Mazda will work together to jointly develop technologies for onboard multimedia infotainment systems in preparation for increased use of in-car information technologies and the increasing demand for connected technologies. In addition, Toyota will cooperate with Mazda in Toyota’s vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) technologies with the ultimate goal of creating a mobile society devoid of accidents. 5) Expand complementary products Currently, Mazda is supplying a compact sedan to Toyota in North America. In addition, Toyota is to supply a compact commercial “two-box” van to Mazda in Japan. Beyond this, the companies will further explore the possibilities of other complementary products on a global level. Details of the capital alliance Based on the agreement, the companies will aim to develop sustainable collaboration, maximizing the synergies of the business and capital alliance by mutually acquiring shares as stated below. Toyota will acquire 31,928,500 shares of common stock newly issued by Mazda through a third-party allotment (shareholding ratio of 5.05% on an issued share basis after the capital increase; total value of 50 billion yen). Mazda will, through a disposition of treasury stock through a third-party allotment to be implemented by Toyota, acquire Toyota shares that are equivalent in value to the Mazda shares (shareholding ratio of 0.25% on an issued share basis). The two companies plan to apply proceeds from the capital increase through the third-party allotment and the disposition of treasury stock through the third-party allotment to fund, in part, capital expenditures relating to the establishment of the joint venture to produce vehicles in the U.S. Both companies are to consider strengthening their capital alliance further, in line with the progress of their business alliance. View full article
  9. Last week we reported that Toyota and Suzuki are forming an alliance to share technology and small-car platforms between the two companies. The deal, however, looked great for Suzuki but with not much in it for Toyota. Today brings some clarity to the arrangement. India is currently the 4th largest new car market and is expected to leapfrog Japan to number 3 in the near future. Being such a large and growing market has outsiders clamoring to get in, but one company is already there in a big way. Suzuki's local subsidiary Maruti accounts for 46 percent of the sub-contienent's new-vehicle sales. We reported earlier that Suzuki agreed to provide Toyota with two compact vehicles to sell in India and will produce one of its SUVs in a Toyota factory in India. Toyota has taken a rather hands-off approach to the companies it buys a stake in. Subaru, Mazda, Daihatsu all enjoy relative autonomy from the Toyota juggernaut. The same remains to be seen with this tie up with Suzuki. View full article
  10. The recently announced alliance between Ford and Volkswagen will not bring any benefits to North America at the beginning. Both companies said that the partnership will focus on Africa, Europe, and South America beginning with commercial vans and the next-generation Ranger/Amarok pickup. Down the road, both Ford and Volkswagen said there could be a potential product for the U.S. While Ford is keeping quiet on what that product could be, Volkswagen CEO Herbert Diess said that a commercial vehicle being jointly developed by the two could come over. "Some of those, yes, but it's not yet decided which vehicle comes to America," said Diess. Volkswagen's commercial vehicle lineup is extensive with vans ranging in size from the compact Caddy (Transit Connect-sized) to the large Crafter (about Transit-sized). We would guess something like the Caddy and possibly the Transporter coming to the U.S. in the next few years. Of course, there is talk about a pickup truck - something dealers have been asking for some time. While there is a very slim chance of the Amarok coming, the Atlas Tanoak concept shown at New York last year seems to have a better chance. Source: Automotive News (Subscription Required), 2 View full article
  11. It is official. Ford and Volkswagen announced this morning a new global alliance that will focus on developing "commercial vans and medium-sized pickups." Ford will handle the development of next-generation mid-size pickups (Ranger and Amarok), along with developing and building larger vans for the European market. Volkswagen for its part will work on a small city van. “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness,” said Volkswagen CEO Herbert Diess. “Over time, this alliance will help both companies create value and meet the needs of our customers and society. It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility,” added Ford CEO Jim Hackett. The two also announced plans to explore "autonomous vehicles, mobility services and electric vehicles," along with adding new vehicle programs. Source: Ford, Volkswagen Volkswagen AG And Ford Motor Company Launch Global Alliance Alliance leverages the two global automakers’ strengths to better compete, innovate and serve customers Alliance does not involve cross-ownership between the two companies Companies to first deliver medium pickup trucks for global customers, aiming to start in 2022, and intend to follow with commercial vans in Europe Van and pickup agreements are targeted to deliver scale and efficiencies for each company starting in 2023 Volkswagen and Ford also are committed to exploring potential collaboration on EVs, autonomous vehicles and mobility services DETROIT, Jan. 15, 2019 – Volkswagen AG and Ford Motor Company today announced the first formal agreements in a broad alliance that positions the companies to boost competitiveness and better serve customers in an era of rapid change in the industry. Volkswagen CEO Dr. Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets beginning as early as 2022. The alliance will drive significant scale and efficiencies and enable both companies to share investments in vehicle architectures that deliver distinct capabilities and technologies. The companies estimate the commercial van and pickup cooperation will yield improved annual pre-tax operating results, starting in 2023. In addition, Volkswagen and Ford have signed a memorandum of understanding to investigate collaboration on autonomous vehicles, mobility services and electric vehicles and have started to explore opportunities. Both companies also said they were open to considering additional vehicle programs in the future. The teams will continue working through details in the coming months. “Over time, this alliance will help both companies create value and meet the needs of our customers and society,” Hackett said. “It will not only drive significant efficiencies and help both companies improve their fitness, but also gives us the opportunity to collaborate on shaping the next era of mobility.” Diess added: “Volkswagen and Ford will harness our collective resources, innovation capabilities and complementary market positions to even better serve millions of customers around the world. At the same time, the alliance will be a cornerstone for our drive to improve competitiveness.” The alliance, which does not entail cross-ownership between the two companies, will be governed by a joint committee. This committee will be led by Hackett and Diess and will include senior executives from both companies. Commercial van and pickup collaboration Ford and Volkswagen both have strong commercial van and pickup businesses around the globe, with popular nameplates such as the Ford Transit family and Ranger as well as the Volkswagen Transporter, Caddy and Amarok. The companies’ collective light commercial vehicle volumes from 2018 totaled approximately 1.2 million units globally, which could represent the industry’s highest-volume collaboration as production scales. Demand for both medium pickups and commercial vans is expected to grow globally in the next five years. The alliance will enable the companies to share development costs, leverage their respective manufacturing capacity, boost the capability and competitiveness of their vehicles and deliver cost efficiencies, while maintaining distinct brand characteristics. Through the alliance, Ford will engineer and build medium-sized pickups for both companies which are expected to go to market as early as 2022. For both parties, Ford intends to engineer and build larger commercial vans for European customers, and Volkswagen intends to develop and build a city van. View full article
  12. Ford and Volkswagen have spent a fair amount of 2018 talking about a possible alliance. We know that publically, the two have signed a "Memorandum of Understanding" focusing on commercial vehicles. But numerous rumors have been flying about saying this alliance could go further, such as autonomous technologies and electric vehicles. Nothing has been made official, that could be changing next week. Reuters has learned from two sources that Ford and Volkswagen will be making the alliance official next Tuesday during the Detroit Auto Show. It is unclear what the announcement will entail, possibly talking about commercial vehicles or more. The overall goal of the alliance is to reduce costs and streamline operations. Bloomberg is reporting that Volkswagen is expecting to hold a board meeting tomorrow to possibly green-light the alliance. Their sources say the talks between the automakers are progressing. Automotive News adds more fuel to the fire as they note there is a “pending industry announcement” taking place at the main stage at 8:30 a.m. Organizers of the show declined to comment on what the announcement will be or which company requested it. Both Ford and Volkswagen declined to comment. Source: Automotive News (Subscription Required), Bloomberg , Reuters View full article

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