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.

Toyota Motor Corp. and Microsoft Corporation (NASDAQ:MSFT) is going to work together on making Toyota’s cars Internet-enabled. Microsoft and Toyota will be investing $12 million in Toyota Media Service Co., a unit of Toyota that handles digital services. Toyota will make their digital services based on Microsoft’s Azure “cloud computing” platform with a roll-out expected in 2015.

The FBI has raised the offices of DENSO International, Yazaki North America, and Tokai Rika in Detroit as part of an investigation of Toyota Motor Company. Toyota CEO Akio Toyoda faced the United States Congress earlier today to discuss the gas pedals issue. [Jalopnik]