Ford and Toyota will be working together as equal partners to develop a new, advanced hybrid system for pick-ups and SUVs in North America. The system is expected to be ready for the market later this decade, and will equip Toyota and Ford rear-wheel drive models.
The two companies have signed a memorandum of understanding, with a formal agreement expected to be in place by next year. Under the MOU, the two companies will specifically jointly develop the new rear-wheel drive hybrid system and its component technology, as well as independently and separately integrate the new hybrid system in their future vehicles.
Both companies have been working independently on their own future-generation rear-wheel drive hybrid systems, and are now committed to working together, stating that they can deliver these hybrid technologies to customers sooner and more affordably than if they worked alone.
Ford and Toyota also agreed to work together in developing each company’s telematics standards, helping to makes more internet-based services and information available to customers around the world. Each company will, however, continue to develop its own in-vehicle products and features. Currently, Ford has items such as SYNC and MyFordTouch in place, while Toyota has the likes of G-BOOK and G-Link.
© 2011 Paul Tan's Automotive News. All Rights Reserved.
This story originally appeared on Paul Tan's Automotive News on Wed, 24 Aug 11 04:21:41 +0000.
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