Friday, July 17, 2009

Toyota, Mazda to form tie-up on hybrids



Toyota is in talks with Mazda about providing its key hybrid technology in a tie-up, the nation's top business daily reported Thursday.

Both automakers said no decision has been made.

Toyota Motor Corp, the world's leader in hybrids with the Prius, reiterated Thursday it sees boosting global hybrid sales as important, and will consider any request from automakers to share its green technology.

"But there has been no decision on a policy to offer hybrid systems to Mazda," said Toyota spokesman Paul Nolasco.

Mazda Motor Corp., which does not have its own hybrid system, denied the story as "a reporter's speculation."

Its stance of making more ecological gas-engine cars and working on its own green technology is unchanged, it said.

"Nothing has been decided on tie-ups at this point," Mazda said in a statement.

The Nikkei, Japan's top business daily, reported in its Thursday editions that Toyota and Mazda were in the final stages of talking about a possible tie-up in hybrids, under which Toyota would supply Mazda the key components of its hybrid system, including the battery, motor and electronics parts.

0 comments:

Post a Comment

 

©2009 World News Info | by TNB | Distributed by The World's Hardest Game