Monday, August 22, 2011

2 Auto Giants due a deal to develop Hybrid Gas-Electric engine for Trucks & SUV's

Ford Motor Co. and Toyota Motor Corp. have decided to jointly develop a gas-electric hybrid engine for pickup trucks and sport utility vehicles. The two companies will share development costs to make the technology more affordable for customers and bring it to market faster.

Both companies now sell thousands of hybrid cars and trucks worldwide. Toyota's Prius is the world leader in hybrid sales. This is the first time that Ford has worked jointly with Toyota on any project.

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