It was announced today that Toyota and GM are working towards some sort of partnership that would lead to working together on the next generation of clean vehicles. That could include both hybrid and hydrogen fueled cars. Toyota of course has had a strong market share in hybrid cars in recent years and seems to be ahead of the pack with regard to devleoping fuel efficient cars for a world suffering from oil shortages.

Here is some of the news that was announced today:

"Toyota Motor Corp. is considering bolstering its alliance with General Motors Corp. in environmental technology and production in the United States, sources close to the matter said Friday. GM is currently in talks with Renault SA and Nissan Motor Co. for a possible three-way tie-up, and Toyota plans to approach GM over forming closer ties after checking the direction of the ongoing talks.

Carlos Ghosn, head of Nissan and Renault, and GM Chairman and Chief Executive Officer Richard Wagoner met earlier this week in France to discuss issues related to the possible alliance, and their talks are scheduled to continue until Oct. 15.

Given that their talks are reportedly proceeding with difficulty, Toyota may be asked for some kind of help from GM, industry analysts said.

Should Toyota and GM enhance their cooperation, it would be most likely in the development of a next-generation eco-friendly car, a field where Toyota is strong."

Read the rest of this news here