Ford, Toyota to jointly develop hybrids for light trucks
Automakers will also collaborate on telematics
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.