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Joint Venture

Toyota, Mazda Choose Alabama for Site of New Plant

Toyota and Mazda have selected Huntsville, Ala., as the site for their joint-venture manufacturing plant, which represents $1.6 billion investment that Mazda and Toyota plan to make with equal funding contribution.

Ford Enters Joint Venture for China EVs

Zotye Ford Automobile Co., Ltd., a new 50/50 joint venture, will offer a range of battery-electric vehicles for consumers in China under a new indigenous brand, Ford announced.

FCA, BMW Target 2021 for Fully Autonomous Vehicle

Fiat Chrysler is speeding up its bid to develop autonomous driving technology, by signing on to a joint venture with the BMW Group, Intel Corp. and Mobileye that's expected to lead to a fully autonomous production vehicle by 2021.

Volvo, Geely Form EV Tech Sharing Companies

Volvo Cars and its parent, Geely Holding, have formed two entities to share existing and future technology to help accelerate the development of electrified vehicles for Geely vehicles in China and Volvo cars.

Toyota, Mazda to Fund $1.6B Plant

The plant is a $1.6 billion investment, with equal funding contributions between both parties. The estimated annual production capacity of the plant is approximately 300,000 units. The plant is also predicted to create an estimated 4,000 jobs.

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