DETROIT (Reuters) - Toyota Motor Corp and Ford Motor Co will work together to develop gasoline-electric trucks and SUVs that will be ready for market by the end of the decade, the two companies said on Monday.
Ford and Toyota plan to collaborate on product development for the future rear-wheel drive hybrid vehicles as well as for telephone, Internet and entertainment systems.
Working as equal partners to develop hybrid SUVs and trucks will help each meet stringent U.S. federal fuel economy regulations, said Derrick Kuzak, Ford's product development chief.