AUTO INDUSTRY NEWS

Toyota, Ford end hybrid development deal

Toyota, Ford end hybrid development deal image

Text: Mac Avendano / Photos: Toyota Press | posted July 24, 2013 11:45

Toyota and Ford cut hybrid development deal

Toyota and Ford will discontinue developing of hybrid systems for light trucks and SUVs. This official statement is a follow up to the first announcement back in August 2011. Both companies have agreed to develop hybrid systems individually. They will continue to evaluate the feasibility of collaborating on next-generation standards for telematics and other areas.

Toyota have sold over two million hybrid vehicles in the US which comprises 70% of total hybrid vehicles sales in the country. Worldwide, Toyota has even sold more than five million hybrids. Moreover, Toyota aims to offer 18 new or redesigned hybrid models globally by the end of 2015.

The company estimates that their different hybrid vehicles have resulted in approximately 34 million tons of CO2 emissions less than those emitted by petrol-powered vehicles. These cars also have saved their owners more than 11.4 billion liters of fuel.