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00:00:02
>> Toyota and Suzuki posed to partner up, saying Monday the two rivals are entering talks to share technology. Both companies have a history of failed alliances. Toyota with Tesla and Suzuki's bitter break-up with Volkswagen. But as writers Naomi Tijitu explains both have plenty to like in their new possible partners.
00:00:21
>> Suzuki stands to gain quite a bit from this. It stands to gain from Toyota's R&D expertise. Toyota, after all, is the company that developed the Prius hybrid and also it's been developing fuel cell vehicles. It's also been investing heavily in developing automated driving functions. So as for Toyota, this partnership could help the company expand in India.
00:00:45
India is a market that Suzuki has dominated for decades. And it is also a market that Toyota has struggled to penetrate. It's been having a hard time developing compact cars for the market.>> Suzuki and Toyota have little overlap in what they make, but given Toyota's advances in technology, Suzuki may be getting the better deal.
00:01:04
>> Suzuki realizes that as a maker of cheap compact cars, it doesn't really have the RND investment capacity that other auto makers do. Just as automakers are competing to develop automated driving functions, more lower-emissions cars. That's the sort of thing that Suzuki has said it's struggling to do.
00:01:30
>> Suzuki's looking to Toyota to help it stay in the tech race. But they aren't alone in an industry keen to consolidate, especially in the face of major self-inflicted scandals. Last year Mitsubishi wanted a lifeline from Nissan after improper fuel economy tests dating back decades were exposed. While Volkswagen set aside nearly $20 million to contain fallout from years of rigging diesel emission tests.