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Published: Tuesday, 7/23/2013

BUSINESS BRIEF

Ford, Toyota to end joint hybrid research

BLADE STAFF AND NEWS SERVICES

DEARBORN, Mich. — Ford and Toyota are ending joint research into hybrid systems for trucks and SUVs.

The companies said Tuesday that they will each develop the systems independently.

Ford and Toyota agreed to the partnership two years ago after the CEOs of both companies met by chance in an airport. Engineers talked frequently and paid visits to each other’s labs.



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