In August 2011, Ford and Toyota signed a memorandum of understanding (MOU) on the joint development of a new rear-wheel drive hybrid system for light trucks and SUVs. (Earlier post.) Now, Toyota has issued a statement saying that the two companies completed their feasibility study for collaboration and have, as a result, agreed to develop hybrid systems individually.
At the time of the MOU, the companies said that they had been working independently on their own future-generation rear-wheel drive hybrid systems, and believed that their collaboration would allow them to bring these hybrid technologies to customers sooner and more affordably than either company could have accomplished alone.
Toyota and Ford are continuing to evaluate the feasibility of working together on next-generation standards for telematics and will consider other areas for future collaboration as well, Toyota said.