Toyota, Ford Dunzos on Hybrids; Renewables Metal Index Mixed
Ford Motor Co. is striking out on their own in Hybridland.
Via Industry Week: “Toyota and Ford (IW 500/8) have ended a partnership to jointly develop gas-electric hybrid systems for trucks and sport utility vehicles, the automakers said Tuesday. ‘We know what it takes to build world-class hybrids, and we now will build and leverage that expertise in-house,’ said Raj Nair, Ford’s chief of global product development. ‘By continuing to develop a rear-wheel-drive hybrid system on our own, we can extend our advanced hybrid technologies to new vehicle segments and deliver even better fuel economy across our lineup.'”
Prices for Chinese steel plate saw the biggest increase on the weekly Renewables MMI®, rising 1.5 percent. Chinese cobalt cathodes fell 1.0 percent over the past week. Silicon remained essentially flat. Prices for neodymium remained constant.
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Japanese, Korean and US steel plate all traded sideways last week.
US grain-oriented electrical steel (GOES) rose 1.2 percent this month over last.
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