Hans Greimel, writing for Automotive News:
"Toyota will take a 5 percent stake in Mazda, while Mazda reciprocates with a token 0.25 percent stake in Toyota, the car manufacturers said in a joint statement Friday.
Toyota and Mazda said they will also collaborate in developing electrified vehicles and connected car technologies. They will also step up supplying vehicles to each other.
In electric vehicles, Toyota is being positioned as working on the battery-side of electric vehicles, while Mazda works on the overall architecture. The two companies will jointly develop the hardware and software sides of electric vehicles but produce them separately, Toyota Executive Vice President Shigeki Terashi said at a joint press conference in Tokyo.
In connected cars, Toyota and Mazda will cooperate on vehicle-to-vehicle and vehicle-to-infrastructure communications, seen as a key toward self-driving and advanced safety systems."
This appears to be a beneficial move for both parties.
For Mazda, it represents a cost-efficient and potentially time saving strategy to jump on the electric and autonomous vehicle bandwagon, by leveraging Toyota's greater resources and battery expertise, whilst retaining control of overall design and vehicle development.
Toyota, in turn, can make use of Mazda's product development and engineering expertise that has been responsible for the famed handling qualities of its SkyActiv architecture. This partnership is sure to also complement Toyota's existing collaboration with BMW on battery development and lightweight materials.