Ford Splits With Toyota, Plans Own Truck Hybrid System
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Ford Motor Co., gaining on hybrid car sales leader Toyota Motor Corp., said it will end a partnership with Japan’s largest automaker to develop gasoline-electric systems for pickups and sport-utility vehicles.
Ford is on track to bring its rear-wheel-drive hybrid system to market later this decade, Raj Nair, the company’s product development chief, said yesterday by telephone. Toyota and Dearborn, Michigan-based Ford mutually agreed to end their collaboration after the research and development phase, he said.