Toyota to take 5 percent stake in Mazda, jointly build $1.6 billion U.S. plant

TOKYO (Reuters) - Japanese automakers Toyota Motor Corp and Mazda Motor Corp announced on Friday they will build a $1.6 billion U.S. assembly plant as part of a new joint venture, while Toyota will take a 5 percent stake in its smaller rival.

Toyota to take 5 percent stake in Mazda, jointly build $1.6 billion U.S. plant
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