Toyota Bought Stake In A Rival Automaker

Toyota announced that it plans to take an ownership share in rival Japanese automaker Mazda and will be working with Mazda to build a U.S. assembly plant.

Reuters reports that Toyota announced plans to take a 5% share in Mazda Motor and that the alliance will include building a $1.6 billion plant in the U.S. while working together on electric vehicles. The report adds that the alliance is “an attempt to catch up with rivals in the race for electric car technology.” Any import fans have an opinion on this?

This week on PowerNation co-founder Tom Taylor is back to talk about this year’s epic Xtreme Off Road adventure: Bourbon & Boulders. Tom and a group of aftermarket company enthusiasts will once again mount up and follow Ian this time through Kentucky as they hit some cool trails and check out a few Bluegrass State distilleries. This time Ian is taking a 1968 Jeepster Commando and transforming it into a vintage every day rock crawler that you’ll see in upcoming Xtreme episodes. And then the big payoff happens in November. And when it’s all said and done you can enter for chance to win the Jeepster by signing up starting August 23rd.