Toyota and Ford have completed their feasibility study for collaboration on the development of a new hybrid system for light trucks and SUVs, which was first announced in August of 2011. As a result, they have agreed to develop hybrid systems individually.
Toyota and Ford say they will continue to evaluate the feasibility of working together on next-generation standards for telematics and will consider other areas for future collaboration as well.
Toyota says it has sold over two million Toyota and Lexus hybrid vehicles in the US, representing 70% of the US auto industry’s total hybrid sales, and over 5 million hybrids worldwide. In addition, Toyota remains on track to offer 18 new or redesigned hybrid models globally by the end of 2015.
All told, Toyota estimates that its global fleet of nearly 20 hybrid vehicles (12 available in the United States) has resulted in approximately 34 million fewer tons of CO2 emissions than those emitted by gasoline-powered vehicles, and have saved their owners more than 3 billion gallons of gasoline.
Meanwhile, Ford reports its hybrid market share jumped nearly 9 percentage points from December 2011 to December 2012 as Toyota’s share of the hybrid vehicle segment dropped 8 points. Ford’s launch of its new C-MAX hybrids and Fusion Hybrid in Fall 2012 led the company to deliver record-setting hybrid sales in December, resulting in the 9% market share gain to 16%. In the same period Toyota’s share of the hybrid vehicle segment fell 8 points, from 68% to 60%, reports Ford.