Toyota and Mazda have denied media reports that they are in discussions for Toyota, the maker of the world's best-selling hybrid vehicle, Prius, to supply technology to rival Japanese automaker Mazda's hybrid vehicles.
A Toyota spokesman denied any decision on a policy to offer hybrid systems to Mazda, which does not have its own hybrid systems.
Mazda, too, has dismissed the story as speculation. It added that its position on developing ecological gas-engine cars and working on its own green technology remains unchanged. The company said in a statement that nothing had been decided on tie-up at present.
Media reports had earlier said that the two Japanese automakers were in talks on technology transfer from Toyota to Mazda.
The Nikkei business daily had yesterday reported that Toyota intends delivering core components for hybrid vehicles to Mazda Motor Corp and other smaller rivals, rather than technology. The deal would cover supply of batteries, motors, control units and other components, the report said.
Toyota, with its leadership position in hybrid technology has said it expects global hybrid sales to surge and has said that it would be keen to share its green technology with any automaker that is interested.