Toyota to supply hybrid technology to Mazda

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Toyota Motor (7203.T) and Mazda Motor (7261.T) announced a deal under which Japan’s top automaker will supply its hybrid technology under licence to Mazda, in the latest link-up within the fast-changing auto industry.

Japan’s No.1 and No.5 carmakers have been discussing the possibility behind the scenes since last spring as the popularity of gasoline-electric cars surged in Japan with the help of generous government subsidies.

Full story: Toyota to supply hybrid technology to Mazda-Reuters