Toyota, Suzuki agree on capital tie-up to rev up self-driving tech

Toyota Motor Corp. and Suzuki Motor Corp. said Wednesday they have agreed on a capital tie-up to jointly develop advanced technologies necessary for autonomous vehicles, amid intensifying competition with rivals.Under the deal, Toyota will acquire a 4.94 percent stake in Suzuki for about 96 billion yen ($907 million), while Suzuki plans to hold a Toyota stake worth about 48 billion yen.With the tie-up, Japanese automakers will be divided into three camps -- the group of Toyota, joined by Mazda Motor Corp. Subaru Corp. and Suzuki, the alliance of Nissan Motor Co., Renault SA and Mitsubishi M…READ FULL ARTICLE