The first jointly developed engine resulting from the collaboration between Isuzu Motors Limited and Toyota Motor Corporation (TMC) will be a 1.6-liter diesel with an aluminum cylinder block for use in Toyota vehicles sold in the European market.
Both companies will maximize use of their technological capabilities and expertise to develop and produce an engine with the world’s highest performance, according to a statement from Toyota.
Isuzu and TMC will begin discussions on the details of operations concerning development, production and supply of the diesel engine, but in principle, Isuzu will play the leading role. Production is scheduled to begin around 2012.
This marks the first product agreement following the signing of a memorandum of understanding last November for the two companies to begin studying the synergic effects of business collaboration to mutually utilize their management resources in the fields of R&D and production, and to supplement each other’s technological development. Toyota also took a 5.9% stake in Isuzu at the time. (Earlier post.)
Since then, the two companies have conducted investigations with the aim of reaching agreement on the specific details of the business collaboration.
The two companies intend to hold continuing talks over the creation of a comprehensive cooperative framework that will contribute to their mutual competitiveness and development over the long term.