Mazda to use hybrid parts produced by Toyota

Mazda Motor Corp and Toyota Motor Corp. reached an agreement Monday that will see parts from the world's biggest automaker used in its rival's future gas-electric vehicles.

Mazda aims to produce a hybrid car by 2013 and will be using Toyota hybrid technology for the vehicle alongside its own new engine.

Toyota has already penned deals with Nissan Motor Corp. to supply those companies with hybrid technology. The company also produces the Prius, the world's best-selling hybrid vehicle.

Toyota hopes to benefit from the deal by reducing costs through mass production.

Mazda will likely use Toyota batteries, electric motors and control units in the future now that the deal has been signed.

Source:Xinhua