Toyota and Mazda agree to Hybrid System Technology license

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Toyota Motor Corporation (TMC) and Mazda Motor Corporation (Mazda) have reached an agreement on the supply under license of hybrid technology sytem used in the Toyota Prius. Mazda plans to combine the hybrid system with its next-generation direct-injection SKY engine that is currently under development, and was displayed at the Tokyo Motor Show last fall.

Mazda aims to increase the average fuel economy of Mazda vehicles sold globally 30 percent by 2015, compared to its 2008 level. In order to offer all of its customers driving pleasure as well as outstanding eco-friendly and safety performance. Mazda will use Toyota’s hybrid technology found in the Prius model inconjuction with the Mazda SKY-G engine.

Mazda plans to begin sales of hybrid vehicles starting in Japan by 2013. Nissan has similar license agreement with Toyota, but it will plans to build its own hybrid technology system in a few years.

Source Mazda