FORD, TOYOTA SCRAP JOINT HYBRID PROJECT
Ford Motor Co. and Toyota Motor Corp. have canceled plans to collaborate on hybrid powertrain technology for light trucks and SUVs.
The two companies have been trying to finalize an agreement since they announced their plan to partner two years ago. Their goal was to develop basic components together but work independently to integrate them into their vehicles by mid-decade.
But Raj Nair, who heads product development at Ford, tells Bloomberg News the companies decided to abandon the project before moving into hardware development. The Nikkei says the partners deadlocked over component design and production allocations.
The companies say they will continue to collaborate on standards and technologies for next-generation telematics systems.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.
The Tesla Model 3 is certainly one of the most controversial cars to be launched in some time, with production models (a comparative handful, admittedly) presented on a stage with a throng of people treating it like it was an event with Beyoncé, Taylor Swift and Ed Sheeran, all at the same time.
The little car that could still can. And this time as a car that not only gets great fuel economy, but which has ride and handling that makes it more than an econo-box (and its styling is anything but boxy).