The end of last month marked a handshake between competitors.
Toyota Motor Corporation and Ford Motor Company, two of the world’s leading manufacturers of hybrid vehicles announced August 30 that they plan to collaborate equally in the development of an advanced new hybrid system for light truck and SUV customers.
The formal agreement is expected to be signed for next year, but they have already signed a memorandum of understanding on the product development collaboration.
The collaboration hopes to develop a new hybrid powertrain aimed at bringing greater fuel efficiency to truck and SUV customers without compromising the vehicles’ capabilities.
This new hybrid powertrain will bring the full hybrid experience of greater fuel efficiency to a new group of truck and SUV customers without compromising the capability they require in their vehicles. Ford andToyotabelieve that their collaboration will allow them to bring these hybrid technologies to customers sooner and more affordably than either company could have accomplished alone.
We love the idea of a successful partnership that will help bring you a more efficient and affordable addition to your life. Let’s spend less time on the politics and more time figuring out a better product!
(See a full article at hybrid.com)
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