DetroitNews said:The two automakers said they could also supply vehicles to each other. The alliance comes two years after the carmakers entered into an agreement to build on a partnership. Mazda does not currently have any auto plants in the U.S.
As part of the alliance, Toyota will acquire 31,928,500 shares of newly issued Mazda stock, giving it around a 5 percent stake in Mazda. Mazda will acquire 50 billion yen worth of Toyota shares for a 0.25 percent stake. The investment deal is expected to be final by October.