Ford, Toyota tie up to develop new hybrid system for light truck and SUV customers

By on Aug 23, 2011 in Asia, Automobile, Lifestyle, Travel, United States, World Comments

Ford Motor Company and Toyota Motor Corporation announced on Monday, August 22, 2011 their first tie up to develop an advanced new hybrid system for light truck and SUV customers.

Toyota and Ford logo
Image Credit: Toyota/Ford

According to a joint press released by Ford and Toyota posted on their official websites, the world’s two leading manufacturers of hybrid vehicles will collaborate with each other for the hybrid product development.

Both companies, which have been working separately on their own future-generation rear-wheel drive hybrid systems, signed a memorandum of understanding (MOU) with the agreement to be made formal probably in 2012.

“This agreement brings together the capability of two global leaders in hybrid vehicles and hybrid technology to develop a better solution more quickly and affordable for our customers,” Ford Global Product Development group vice president Derrick Kuzak said on the report.

Ford achieved a breakthrough with the Ford Fusion Hybrid, and we intend to do this again for a new group of truck and SUV buyers – customers we know very well.” Kuzak added.

“By working together, we will be able to serve our customers with the very best affordable, advanced powertrains, delivering even better fuel economy,” Ford President and CEO Alan Mulally was quoted as saying.

“This is the kind of collaborative effort that is required to address the big global challenges of energy independence and environmental sustainability.” Mr. Mulally added.

Toyota is extremely proud to join Ford in developing a hybrid system for pickup trucks and SUVs.” Toyota President Akio Toyoda said on the press release.

“Not only is this tie-up clearly one aimed at making automobiles ever better, it should also become an important building block for future mobility in the U.S.” Mr. Toyoda added.

This new hybrid system is being expected to bring the full hybrid experience of greater fuel efficiency to a new group of truck and SUV customers without sacrificing the capability requirement in their vehicles.

Ford and Toyota noted they believe that their tie up will allow them to bring these hybrid technologies to customers sooner and more economical than either of them could have achieve alone.

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