Toyota, Suzuki exploring possible partnership

Japan's auto majors- Toyota Motor Corp and Suzuki Motor Corp - have shared their plans to explore a possible partnership, citing technological challenges and their need to keep pace with rising consolidation in the global auto industry. The announcement comes after Toyota completed a buy-out of mini-vehicle maker Daihatsu Motors earlier this year.

The world's largest automaker in 2015 said last week that it will set up an internal company with Daihatsu to focus on emerging markets. Suzuki, Japan's fourth-largest.

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