Ford, Toyota to jointly develop hybrids for light trucks

Ford, Toyota to jointly develop hybrids for light trucks Automakers will also collaborate on telematics Joseph Lichterman Automotive News -- August 22, 2011 - 10:11 am ET
DETROIT -- Ford Motor Co. and Toyota Motor Corp. have agreed to jointly develop hybrid technology for light trucks.
The companies today jointly announced a memorandum of understanding and expect a formal agreement to be signed next year. The new hybrid system will be introduced in Ford and Toyota rear-wheel drive SUVs and light trucks later this decade.
The two automakers also agreed to work together on developing next-generation telematics and other in-vehicle Internet-based services.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20110822/OEM05/110829992/1186
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