adios
03-10-2004, 12:21 PM
Price of gasoline on the rise, Ford indicates the market for Hybrids might be growing (read consummer demand growing). Hmmmm.... Ready to here from all the left wingers that the "invisible hand" is BS nonetheless. In less than 1000 years imagine that.
Toyota Grants Ford Hybrid Car License (http://biz.yahoo.com/ap/040310/toyota_ford_16.html)
Associated Press
Toyota Grants Ford Hybrid Car License
Wednesday March 10, 9:12 am ET
Toyota, Ford Agree on Gas-Electric Hybrid Technology Licensing Agreement
TOKYO (AP) -- Toyota is granting U.S. carmaker Ford a license to use the Japanese company's patented technology for environmentally friendly hybrid cars for an undisclosed sum.
Hybrid cars have both a gas engine and an electric motor and can switch between the two to save gas and avoid pollution.
In a joint statement Tuesday, the companies said that Ford Motor Co. will be licensed to use Toyota Motor Corp.'s hybrid technology in a system it is developing, which already is subject to more than 100 hybrid technology patents.
They did not disclose the financial terms of the agreement.
Ford is planning to launch a hybrid version of its Escape sports-utility vehicle later this year.
Toyota, Japan's top automaker, launched the world's first commercial hybrid vehicle -- the Prius sedan -- in 1997, and has since sold more than 200,000 hybrid vehicles worldwide.
Ford and Toyota also agreed to license the other's patents on other types of clean engines, including diesel and direct-injection, they said in the statement.
Ford is the United States' No. 2 automaker, behind General Motors Corp. -- the biggest automaker in the world.
Toyota has some cooperative ties with General Motors, but they don't have an agreement on hybrid technology.
In 2002, Toyota and Japanese automaker Nissan Motor Co. agreed to jointly develop hybrid cars. Under that deal, Toyota provides Nissan with hybrid system technology, for a still undisclosed price, for a model set to go on sale in 2006.
Worldwide demand for hybrids has grown amid increasing concerns about the dangers of global warming and decreasing natural fuel supplies.
Toyota Grants Ford Hybrid Car License (http://biz.yahoo.com/ap/040310/toyota_ford_16.html)
Associated Press
Toyota Grants Ford Hybrid Car License
Wednesday March 10, 9:12 am ET
Toyota, Ford Agree on Gas-Electric Hybrid Technology Licensing Agreement
TOKYO (AP) -- Toyota is granting U.S. carmaker Ford a license to use the Japanese company's patented technology for environmentally friendly hybrid cars for an undisclosed sum.
Hybrid cars have both a gas engine and an electric motor and can switch between the two to save gas and avoid pollution.
In a joint statement Tuesday, the companies said that Ford Motor Co. will be licensed to use Toyota Motor Corp.'s hybrid technology in a system it is developing, which already is subject to more than 100 hybrid technology patents.
They did not disclose the financial terms of the agreement.
Ford is planning to launch a hybrid version of its Escape sports-utility vehicle later this year.
Toyota, Japan's top automaker, launched the world's first commercial hybrid vehicle -- the Prius sedan -- in 1997, and has since sold more than 200,000 hybrid vehicles worldwide.
Ford and Toyota also agreed to license the other's patents on other types of clean engines, including diesel and direct-injection, they said in the statement.
Ford is the United States' No. 2 automaker, behind General Motors Corp. -- the biggest automaker in the world.
Toyota has some cooperative ties with General Motors, but they don't have an agreement on hybrid technology.
In 2002, Toyota and Japanese automaker Nissan Motor Co. agreed to jointly develop hybrid cars. Under that deal, Toyota provides Nissan with hybrid system technology, for a still undisclosed price, for a model set to go on sale in 2006.
Worldwide demand for hybrids has grown amid increasing concerns about the dangers of global warming and decreasing natural fuel supplies.