Crude Oil Price by oil-price.net

Oil and Gas Energy News Update

Monday, August 22, 2011

Ford, Toyota to Collaborate On Developing Hybrid System

- Ford, Toyota to Collaborate On Developing Hybrid System



Aug 22, 2011

The Wall Street Journal reported that Ford Motor Company and Toyota announced they will equally collaborate on the development of an advanced new hybrid system for light truck and SUV customers.

In a statement, Derrick Kuzak, Ford's product development chief said, "This agreement brings together the capability of two global leaders in hybrid vehicles and hybrid technology to develop a better solution more quickly and affordably."

Ford and Toyota have signed a memorandum understanding on the product development collaboration, with the formal agreement expected by next year.

Oil & Gas Post

Promote Your Page Too
LINK

No comments:

Post a Comment