Dearborn, Michigan – Ford and Toyota are collaborating as equal partners on a new, advanced hybrid system for light trucks and SUVs. The companies are joining forces to accelerate consumer availability of the system, which will be ready later this decade on rear-wheel drive light trucks and SUVs made by both automakers.

The two will also collaborate on the development of next-generation standards for in-car telematics and Internet-based services.

“This agreement brings together the capability of two global leaders in hybrid vehicles and hybrid technology to develop a better solution more quickly and affordably for our customers,” said Derrick Kuzak, vice-president of Ford’s global product development. “Ford achieved a breakthrough with the Ford Fusion Hybrid, and we intended to do this again for a new group of truck and SUV buyers, customers we know very well.”

The companies will develop the hybrid system and component technology jointly as equal partners, but will independently integrate the system into their future vehicles separately. The system will be based on all-new architecture.

“Toyota is extremely proud to join Ford in developing a hybrid system for pickup trucks and SUVs,” said Toyota president Akio Toyoda. “Not only is this tie-up clearly one aimed at making automobiles ever better, it should also become an important building block for future mobility in the U.S. By building a global, long-term relationship with Ford, our desire is to be able to continue to provide people in American automobiles that exceed their expectations.”

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