DaimlerChrysler May Use Toyota Hybrid Drive

Company says it hasn't made decision yet.

Published: 10-Jan-2003

DaimlerChrysler AG's Chrysler unit is considering using a hybrid-electric engine system developed by Toyota Motor Corp as it develops a strategy to increase sales of fuel-efficient cars and trucks.

Chrysler Chief Executive Dieter Zetsche's "position is that we wouldn't rule out working with Toyota, but there hasn't been a decision on using their hybrid system," Chrysler spokeswoman Ann Smith said. Hybrids combine a gasoline engine with electric motors to curb fuel consumption and tailpipe exhaust.

Chrysler and alliance partner Mitsubishi Motors Corp. are studying buying Toyota's technology as a way to enter the market, Automotive News said, citing Zetsche. Mitsubishi Chief Executive Rolf Eckrodt is discussing the issue with Toyota, the report said.



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