Toyota and Mazda announced yesterday a new technology-sharing partnership that will see the two Japanese manufacturers collaborate on fuel-saving and safety technology.
The precise details of the deal have yet to be inked, however a report earlier this week claims that Toyota is planning to share details of its hybrid powertrain technology with Mazda in exchange for access to Mazda's ultra-efficient SkyActiv petrol and diesel engines.
Such a deal would enable significant savings for both companies.
Mazda would no longer need to go down the expensive path of engineering a hydrogen fuel cell of its own, while Toyota would be able to replace the old-tech petrol engines found in many of its passenger cars with more cutting-edge powerplants.
However nothing has been confirmed as yet, and an official committee has been set up to "evaluate how best to utilize each company’s respective strengths".
The committee will "encourage broad and meaningful collaboration across a range of fields, including environmental and advanced safety technologies", according to Mazda. Expect further information to surface in the coming months.
This isn't the first time Toyota and Mazda have done business together, though.
The two companies presently have a deal that sees Toyota supply the hybrid powertrain for the Japanese-market Mazda3 Hybrid, while Mazda builds the Scion iA (a rebadged Mazda2 sedan) for Toyota in its Mexican assembly plant.