Ford and Toyota Unite to Create Hybrid SUVs and Trucks
Ford and Toyota have announced a “memorandum of understanding” that partners the two companies in creating a hybrid platform for rear-wheel drive SUVs and light trucks. The collaboration also includes a partnership to further the future of telematics standards. Ford and Toyota will be “equal partners” in creating the hybrid system, Engadget reports.
Alan Mulally, Ford’s President and CEO, is quoted in the press release as saying that “this is the kind of collaborative effort that is required to address the big global challenges of energy independence and environmental sustainability.” Toyota’s President Akio Toyoda said, “our desire is to be able to continue to provide people in America automobiles that exceed their expectations.”