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Rivals Ford Motor and Toyota Motor announced an agreement Monday to work together to develop a new hybrid light truck.

The agreement is expected to produce hybrid rear-wheel drive pickups and SUVs sometime later this decade. The agreement brings together Toyota, which has been a leader in hybrid technology, with Ford, which still has a leading position in the pickup and SUV portion of the market, where hybrids are still less common.

Who notes existing SUV hybrids are getting fuel economy in the low 30's and will be interested to see what they come up with for the heavy haul/tow market...
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