Ford, Toyota agree on hybrid vehicle deal

In an historic deal, rival motor vehicle manufacturers Ford and Toyota will jointly develop a new, gas-electric hybrid powertrain system for use in rear-wheel-drive light trucks and SUVs.

Both companies have announced they will make more fuel-efficient pickup trucks and sport-utility vehicles as the US heads toward stricter emissions standards.

Cost and depth of the co-development, such as how many engineers from each company will be assigned to work on development, has yet to be determined.

This is the first time the pair have agreed to collaborate on product development.

Both already have hybrid systems that power front-wheel-drive passenger cars such as the Ford Fusion and the Toyota Prius, the world’s top-selling hybrid.

"The EPA [Environmental Protection Agency] requirements are a big challenge for us auto makers," said Toyota research and development chief Takeshi Uchiyamada.

"American society can't do without trucks and SUVs. This collaboration we are forming with Ford is not only about lowering carbon dioxide but making truck and SUVs more affordable for the customer."

The two other US-based companies, General Motors and Chrysler Group, already have developed a hybrid system for larger rear-wheel-drive vehicles, though it remains an expensive option.

Ford and Toyota embarked on the co-operation deal after their two chief execttives met informally at an airport earlier this year.

Toyota and Ford product-development chiefs then began discussing areas where the companies could work together and the idea of cooperating on rear-wheel-drive hybrids came up.

In May 2010, Toyota took a small ownership stake in Tesla Motors, an electric-car company that is building the powertrain to be used in an all-electric RAV4 due out next year from a new production plant in Canada.

1 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Whoa! This is good news as two of the best car makers for their <a href="">stylin truck</a>s are collaborating in the said project. What's cool about that is the fact that they're planning to lessen the cost of their trucks and make it more affordable.

  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot


Sym Price Change
USD 0.7269 -0.0020 -0.27%
AUD 0.9133 -0.0021 -0.23%
EUR 0.6092 -0.0021 -0.34%
GBP 0.5374 -0.0023 -0.43%
HKD 5.6771 -0.0148 -0.26%
JPY 81.6230 -0.3110 -0.38%


Commodity Price Change Time
Gold Index 1293.3 6.130 2017-09-22T00:
Oil Brent 56.4 0.420 2017-09-22T00:
Oil Nymex 50.7 0.110 2017-09-22T00:
Silver Index 16.9 -0.034 2017-09-22T00:


Symbol Open High Last %
NZX 50 7795.4 7814.8 7795.4 0.25%
NASDAQ 6401.4 6429.5 6422.7 0.07%
DAX 12569.7 12646.6 12600.0 -0.06%
DJI 22334.1 22364.3 22359.2 -0.04%
FTSE 7263.9 7320.3 7263.9 0.64%
HKSE 27949.8 27960.9 28110.3 -0.82%
NI225 20413.6 20417.1 20347.5 -0.25%
ASX 5655.4 5688.2 5655.4 0.47%