Toyota, Mazda to form capital tie-up for EVs, to open new U.S. plant

Toyota Motor Corp. and Mazda Motor Corp. said Friday they will form a capital tie-up to strengthen cooperation in such areas as electric vehicle development while announcing a plan to begin building cars together in the United States.Toyota and Mazda signed an agreement to deepen their partnership, apparently to better compete in the intensifying race to develop self-driving technology and environmentally-friendly vehicles, as global carmakers face growing compliance costs for stricter emissions and other environmental regulations being imposed by governments.Toyota is aiming to enter the E…READ FULL ARTICLE