Toyota in talks with Mazda to supply hybrid technology from Prius
By Andrew C., 26 Aug, 2010. 0 Comments
2011 Toyota Prius
Toyota is reportedly in negotiations to supply hybrid technology found in its Prius to Mazda. This report insinuates that Mazda is shunning the hybrid system, which Ford is developing. According further to The Nikkei, the talks for the agreement are in its final stages, under which Toyota will provide the key hybrid system components (battery, motor, and other electronics) to Mazda. Currently, Ford owns about 13.8% of Mazda. It is believed a Toyota-Mazda deal would allow Mazda more independence from Ford. Today, Toyota said that it would consider sharing its technology with other carmakers so as to improve global sales. A contrasting Autocar report says that a Toyota spokesman had asserted, Toyota does not have a plan to supply Mazda with hybrid systems.
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