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Toyota said today that it is working on developing a plug-in hybrid vehicle and is open to joining with other automakers in battery development. Automotive News reports that the statement was made by Toyota’s North American President. We’re speculating that Toyota will most likely work with Ford on this operation since Ford’s new CEO, Alan Mullay met with Toyota’s Chairman, Fujio Cho, back in December in order to discuss possibilities for the two companies to work together in moving forward in the hybrid technology market.

Now, in a recent interview with Japan’s Kyodo News, Mullay commented on working with Toyota on developing new environmental technologies that would benefit both companies.

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Toyota[/tags]

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