Toyota: Not Mulling Providing Hybrid Technology To GM

Toyota Motor Corp. (7203.TO) said Monday that it isn't considering providing its technology for hybrid vehicles to General Motors Corp. (GM), denying a report earlier in the day.

The Yomiuri Shimbun, citing unnamed sources, said Toyota was considering giving GM its patented technology for increasing fuel economy by controlling the movement of the engine and the motor.

"We're not considering it at the moment," a spokesman at the Japanese auto maker said.

Toyota, the leading hybrid car maker, has been in cooperation with Ford Motor Co. and Nissan Motor Co. on the engine-motor power technology, licensing the patent to control the hybrid system to the U.S. car maker and providing the system to Nissan.