Toyota denies reports on GM hybrid deal, says it’s open to sharing hybrid-technology

Toyota today denied reports from Japanese media and said that it is not talking to GM on a possible deal where the Japanese automaker would sell it’s hybrid technology to the struggling American automaker.

A report by Japan’s largest newspaper, the Yomiuri, said that Toyota is looking to sell its gasoline-hybrid-system to GM in an attempt to make its hybrid technology more widespread.

Toyota denied the report but said that it has been open to deals with other automakers to share its hybrid technology for some time now. Toyota currently sells its hybrid technology to Nissan for the U.S. based Nissan Altima hybrid.

– By: Kap Shah

Source: Detroit News