Sources: Toyota, Daimler in Hybrid Vehicle Talks

Daimler said to have turned to Toyota in order to strengthen its lineup of eco-friendly models.

Published: 16-Sep-2010

Toyota Motor Corp. and Daimler AG are negotiating a tie-up that would see Toyota provide Daimler with key components for hybrid vehicles, such as motors and control computers, sources said Thursday.

The agreement would make Daimler the fourth company to receive Toyota's hybrid technology, following Nissan Motor Co., Ford Motor Co. and Mazda Motor Corp.

Negotiations began in summer last year, when Daimler made an approach to Toyota, according to the sources.

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