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Ford Motor Co and Toyota Motor Corp the world’s biggest seller of gasoline-electric autos, said they will collaborate to develop a hybrid system for light trucks and sport-utility vehicles.

The two automakers agreed to a memorandum of understanding that calls for developing the vehicle technology this decade, as well as working together on in-car communications systems and Internet-based services, according to a joint statement today.



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Ford And Toyota Forge Alliance To Develop Hybrid Pickup And SUV Technology

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