DEARBORN, Mich. — Ford Motor Company and Toyota Motorsaid on Monday that they would jointly develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles aimed at keeping larger models affordable as the automakers work to meet stricter fuel-economy standards.

The companies said they did not plan to collaborate on developing the vehicles themselves, instead using the hybrid system they develop to power separate models under the Ford and Toyota brands. The resulting hybrid trucks would go on sale later this decade, they said, without providing a more specific timeframe.  Read more