Toyota Motor Co is open to a more involved partnership with Ford if Ford wants to, reported Japanese business daily Nikkei. Toyota President Katsuaki Watanabe said Toyota is open to talks of a technological alliance. Toyota and Ford currently have a partnership in place involving hybrid technology. Ford licenses part of Toyota’s market-leading hybrid engine technology for the hybrid versions of its Ford Escape and Mercury Mariner SUVs.
Struggling Ford, just like the other American giants, could use some of Toyota’s excellent Daihatsu-developed small cars, as the US and world market shifts it’s focus onto small and fuel efficient cars.