Auto giants Ford and Toyota plan to jointly develop a hybrid powertrain for light trucks and SUVs, in a move designed to bring hybrid technology to a wider set of vehicles.
The two companies announced the agreement today, calling it a collaboration of "equal partners" that will yield a new hybrid architecture for rear-wheel-drive vehicles later in the decade. Both companies will integrate the hybrid system into their own trucks and SUVs.
Toyota and Ford will also work together on in-car telematics, although this will focus on standards and technologies for safety and communications. They will both continue … Read more