Ford and Toyota are to collaborate on the development of an advanced new hybrid system for pick-ups (light trucks) and sport utility vehicles (SUVs).
The two companies have signed a memorandum of understanding (MoU), with a formal agreement expected to be in place by next year.
Both have been working independently on their own future-generation rear-wheel drive hybrid systems and have now committed to working together to develop a hybrid powertrain that will bring the benefits of hybrid to new customer groups.
Under the MoU, the two companies will jointly develop a rear-wheel drive hybrid system and component technology for pick-ups and SUVs; and independently and separately integrate the new hybrid system in their future vehicles.
Although the hybrid system will share significant common technology and components, each company will determine the calibration and performance characteristics of their respective models that use the new powertrain.
In addition, both companies are to work together on developing next-generation telematics standards and technologies. Each company will, however, continue to develop its own in-vehicle products and features.