Market Overview

Ford, Toyota to Collaborate on Developing New Hybrid System for Light Trucks, SUVs

Share:

Ford Motor Company (NYSE: F) and Toyota Motor Corporation (NYSE: TM) today announced they will equally collaborate on the development of an advanced new hybrid system for light truck and SUV customers.

Ford and Toyota have signed a memorandum of understanding (MOU) on the product development collaboration, with the formal agreement expected by next year

Posted-In: News Contracts

 

Related Articles (MOU + F)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Jim Barber Named President of UPS Europe

Ayman Mohyeldin Joins NBC News as Middle East Based Correspondent