Ford and Toyota have announced that they will be working together to develop the technology for hybrid trucks and SUVs and have signed a memorandum of understanding to collaborate on the product development of a new hybrid system. A formal agreement is expected by next year.
Both companies have their own version of hybrid cars on the market; Ford with the Fusion and Toyota with its popular Prius. And while they have each been working separately on technology for light trucks and SUVs, they said consumers will be better and more quickly served by the companies’ collaboration.
Under the agreement, the two companies will bring their independently developed hybrid powertrain technology and knowledge to a new co-developed hybrid system, which will be used in rear-wheel-drive light trucks arriving later this decade. Specifically, they say they will jointly develop as equal partners a new rear-wheel drive hybrid system and component technology for light trucks and SUVs. Independently, they will integrate the new hybrid system in their future vehicles.
Telematics will play an increasingly more important role in the in-car experience, with both companies agreeing to collaborate on standards and technologies needed to enable a safer, more secure and more convenient in-car experience.