Ford-Toyota Hybrid Deal Edges Closer

Toyota is a clear market leader in hybrid-electric technology, so it’s not surprising that Ford’s CEO Alan Mulally is interested in forming an alliance with the Japanese giant in order to co-develop the enviro-friendly drivetrains. Mulally met with Toyota Chairman Fujio Cho in December last year, signaling that a possible deal could be announced soon, and in an interview with Japan’s Kyodo News, Mulally admitted working with Toyota in developing technologies such as fuel-cells would be valuable for both.
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SupraNeverBack - 2/27/2007 3:40:44 PM

+1 Boost

Smart move by Ford, cooperating with the leader.
Toyota already has developed its 3rd gen hybrid synergy drive using Li-ion battery.
Hybrid cake is too big for Toyota to eat it alone.

S4cabriofoxone - 2/27/2007 5:37:47 PM

+1 Boost

It's mutual. Ford and Toyota are BOTH cooperating.