Mazda to Buy Hybrid System From Toyota

According to a Nikkei report (via GCC), Mazda will be entering into a deal with Toyota for their hybrid system to be inserted into Mazda vehicles starting in 2013. (Sounds similar to the deal with Nissan and the Altima hybrid???)

The deal is expected to conclude soon, with Toyota supplying "batteries, motors, control units, and other components made by group autoparts manufacturers." Mazda will get to enter the hybrid market, while Toyota gets to make money off their system. It will likely reduce costs (economy of scale) for Toyota, as well.

The system is expected to be used in midsize vehicles, with Mazda targeting 100,000 vehicles a year.