Toyota president Katsuaki Watanabe expressed willingness last week to form an alliance with troubled automakers, reports Kyodo News. “The possibility exists constantly that a reconfiguration of ties between global automakers will occur since the automotive industry is going through intense competition,” Watanabe told a news conference in Kitakyushu, Fukuoka Prefecture. “It requires conducting mammoth capital outlays for automakers to innovate their technologies in the fields of the environment, safety and the telecommunications,” he said, “There is the adequate possibility that we will form various types of alliances with others, if an automaker faces difficulties in meeting these needs single-handedly,” he said.
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