Toyota: Not Mulling Providing Hybrid Technology To GM
25 May 2009 - 12:52PM
Dow Jones News
Toyota Motor Corp. (7203.TO) said Monday that it isn't
considering providing its technology for hybrid vehicles to General
Motors Corp. (GM), denying a report earlier in the day.
The Yomiuri Shimbun, citing unnamed sources, said Toyota was
considering giving GM its patented technology for increasing fuel
economy by controlling the movement of the engine and the
motor.
"We're not considering it at the moment," a spokesman at the
Japanese auto maker said.
Toyota, the leading hybrid car maker, has been in cooperation
with Ford Motor Co. and Nissan Motor Co. on the engine-motor power
technology, licensing the patent to control the hybrid system to
the U.S. car maker and providing the system to Nissan.
-By Yoshio Takahashi, Dow Jones Newswires; 813-6895-7561;
yoshio.takahashi@dowjones.com