Connect with us

Hi, what are you looking for?


Toyota says no hybrid tech to GM

TOKYO, May 25 – Japan\’s Toyota Motor Corp. on Monday denied a report that it is considering offering its hybrid vehicle technology to struggling US giant General Motors.

The Yomiuri Shimbun reported, without naming its sources, that Toyota would be ready to provide the technology if GM asks for it, even if the Detroit carmaker seeks bankruptcy protection.

But a Toyota official said the Japanese giant was "not considering it."

GM is working against a June 1 deadline to convince the US Treasury that it can achieve long-term viability or it could be forced to follow Chrysler into bankruptcy protection.

The Yomiuri said Toyota may provide GM with patented technology that is used in the Prius and some of its other vehicles to increase fuel economy by controlling the movement of the engine and the motor.

Toyota\’s indirect support for GM\’s reconstruction would benefit the Japanese firm as its hybrid technology would in effect become the de facto world standard, the report said.

Toyota, a pioneer in petrol-electric hybrids, has no capital ties with GM but the two companies collaborate in some areas of manufacturing, such as joint production of small cars in the United States.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...