Mazda To License Toyota Hybrid Tech For Future Automobiles

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Mazda To License Toyota Hybrid Tech For Future Automobiles

Post by Matsuda9 » Sat Apr 10, 2010 11:44 am

Via Mazdapedia

It’s a historic day for Mazda Motor Co., as they pen a deal which will help towards their goal of becoming one of the top alternative fuel vehicle producers in the world. Toyota Motor Corp., responsible for the widely popular Prius, will license their hybrid technology to Japanese auto maker and their competitor Mazda.

Mazda plans to combine Toyota’s hybrid system with its new technology and car design, in hopes to produce their very own gas / electric vehicle by 2013. For now, a Mazda hybrid will only be available in Japan – as no word has been said on whether they’ll sell outside a home market.

Mazda has lagged these past few years in producing their very own hybrid technology. Upon signing the Toyota agreement, Mazda Executive Vice President Masaharu Yamaki stated; “We want to develop a hybrid car quickly.”

Toyota does not solely share hybrid components with Mazda. On the contrary; Ford, Subaru and Nissan have all been in partnerships with Toyota for sharing of hybrid research, production and design.

Gas prices in the United States may be lower then just a year or two ago, but hybrids are still in demand. Toyota alone manufactured 655,180 vehicles in February globally, up 83% from 358,573 vehicles in the same month last year.

Mr. Yamaki added his insight on the growing demand for hybrids in Japan, sparked by government buying incentives as well as Toyota’s Prius model.
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