Toyota Motor Corp. is considering offering the company’s core technology for hybrid vehicles to struggling General Motors Corp. of the United States, it has been learned.
The possible move comes on the back of speculation that GM will soon file for Chapter 11 bankruptcy at the U.S. Bankruptcy Court.
According to sources, Toyota is essentially ready to provide the technology if GM asks it to do so, even if the U.S. firm becomes subject to the Federal Bankruptcy Code.
The technology Toyota is considering providing to GM is patented technology for increasing fuel economy by controlling the movement of the engine and the motor. The technology is used in the Prius and some other Toyota vehicles. Fuel economy using Toyota technology far exceeds that achievable with technology developed by GM.
One reason seen behind GM’s current travails is that the company fell behind in the field of environment-friendly technologies, which, coupled with spiraling gasoline prices [...]