Suzuki Motor denies report on Toyota tie-up talks

Industry:    2016-01-27

Suzuki Motor Corp said on Wednesday it was not discussing a tie-up with Toyota Motor Corp , denying a Nikkei business daily report that the Japanese automakers were exploring a partnership that may include a cross-shareholding. “It is not true that we have entered negotiations over a tie-up with Toyota,” Japan’s fourth-largest automaker said in a statement. Shares in Suzuki opened 13 percent higher in early trade, compared with a 2.2 percent rise in the benchmark Nikkei average

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