Ford and Toyota have announced plans to end their partnership to jointly-develop a new hybrid system for light trucks and SUVs.

Ford and Toyota have announced plans to end their partnership to jointly-develop a new hybrid system for light trucks and SUVs.

Details are limited, but the companies completed a feasibility study and decided to develop their hybrid systems individually. No reason was given, but both companies will continue to evaluate the feasibility of working together on next-generation standards for "in-car telematics, back-end support systems for call centers and Internet-based services."

Despite the break up, Ford insists their new hybrid system will be available by the end of the decade. The company added it will be based on an all-new architecture and deliver the "capability truck and SUV customers demand."

Ford's Group Vice President of Global Product Development, Raj Nair, went on to say "We know what it takes to build world-class hybrids, and we now will build and leverage that expertise in-house." He added, "By continuing to develop a rear-wheel-drive hybrid system on our own, we can extend our advanced hybrid technologies to new vehicle segments and deliver even better fuel economy across our lineup."

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Ford & Toyota end hybrid partnership