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.

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Ford Hybrids Will Use Toshiba Inverters

- Ford Hybrids Will Use Toshiba Inverters



Jun 20, 2011

Toshiba Corp. said Monday that it has been selected to supply automotive inverters to Ford Motor Co.'s (NYSE:F) hybrid electric cars and plug-in hybrids.

The U.S. automaker looks to start mass production next year on the new hybrids, and Toshiba has a previously signed contract to supply motors for the vehicles.

Toshiba will now supply both the inverters and motors as a package to Ford. The production of the new engines and inverters for Ford will have Toshiba building a new production line. The new plant in central Japan will be capable of manufacturing 150,000 inverters a year.

The new line will be ready to start supplying the inverters in April. As electric and hybrid vehicles become more widespread, Toshiba believes that power electronics, like motors, inverters, and rechargeable batteries, is a promising field.

Mitsubishi Motors Corp had chosen Toshiba's rechargeable battery for two electric vehicle models that will be coming out later this year.

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Toyota Launches Prius Minivan, Orders Above Target

- Toyota Launches Prius Minivan, Orders Above Target



Jun 14, 2011

Toyota Motor Corp (NYSE:TM) has received 52,000 orders for the new Prius hybrid minivan in Japan, only one month after its launch. The new model, called the Prius Alpha had an initial sales target of 3,000, set by the company.

The original Prius hybrid model received 180,000 orders after its June 2009 relsease in Japan. The Prius also had a monthly sales goal at launch of around 10,000.

Toyota Motor has a potential upside of 15.9% based on a current price of $79.72 and an average consensus analyst price target of $92.4.

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Toyota Sells Its Millionth Prius In The U.S.

Toyota Sells Its Millionth Prius In The U.S.



Toyota Motor Co (NYSE:TM) announced today it has sold its 1 millionth Prius hybrid in the United States. The company has sold more than 2 million in total across the globe over the last decade, including the U.S.

The car-maker said the Prius has been the top selling hybrid in the U.S. since it began selling 11 years ago.

The Prius is powered by both a gasoline engine and an electric motor, and can get up to 51 miles per gallon in the city and 48 mpg on the highway.

The car has become increasingly popular as gas prices have gone up. Sales in Japan tripled in 2009, becoming the country's best selling car and overtaking the U.S. as the largest market for the vehicle.

Shares of Toyota Motor are trading down 0.58% at $77.18.

General Motors to develop Buick plug-in hybrid

General Motors to develop Buick plug-in hybrid



General Motors (GM) is developing a Buick using the Chevrolet Volt's plug-in hybrid technology, reports Bloomberg. According to two people familiar with the project, designers are working on a version of the hybrid Opel Ampera scheduled for sale in Europe this year. The Buick version would go on sale in 2013 if it receives final approval.