DEARBORN, MI – Ford and Toyota sign an agreement to jointly develop rear-wheel-drive hybrid electric powertrains, noting increasing the fuel efficiency of light-duty pickups and SUVs is imperative to remaining viable in a U.S. market facing increasingly stringent government regulations. The partners hope to mitigate costs and increase speed-to-market of their products. “The industry is facing challenges in conserving energy and reducing greenhouse gases,” Takeshi Uchiyamada, Toyota ...

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