29 Jun '12, 2pm

BMW and Toyota to partner on sports car and EV tech

BMW and Toyota to partner on sports car and EV tech

BMW Group and Toyota Motor Corporation agree to further strengthen collaboration 29.06.2012 Companies sign MoU aimed at collaboration in four fields of technology Tokyo/Munich. Akio Toyoda, President of Toyota Motor Corporation (TMC), met today with Norbert Reithofer, Chairman of the Board of Management of BMW AG, at BMW Group headquarters in Munich to announce the planned expansion of their existing cooperation initiated in December last year. The two companies signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four fields: joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies. Also today, Norbert Reithofer and Akio Toyoda of TMC both signed a Joint Statement to rec...

Full article: http://green.autoblog.com/2012/06/29/bmw-and-toyota-to-pa...

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