Mazda to Sell a Gas-Electric Sport-Utility Vehicle in 2 Years
Jan. 9 (Bloomberg) -- Mazda Motor Corp., a third owned by Ford Motor Co., will release the first gasoline-electric version of its Tribute sport-utility vehicle in two years to catch up with larger rival Toyota Motor Corp.
Ford plans to have a test fleet of the hybrid Tribute SUV on the road this year for production by 2007, the company today said in a statement. Mazda spokesman Keiichi Wakabayashi declined to say in which market the company will sell the vehicle.
Mazda, Japan's fourth-largest automaker, is using its tie with Ford to lower costs by sharing parts, designs and development of engine-and-chassis platforms. The Tribute shares the same engine and chassis platform with the Ford Escape.
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