01 Dec '11, 8pm

Toyota, BMW Form Long-Term Partnership to Develop Greener Cars

Toyota, BMW Form Long-Term Partnership to Develop Greener Cars

Toyota and BMW are teaming up for a partnership that will marry each others' strengths as the automakers look to expand their greener car lines in existing markets. BMW and Toyota signed a memorandum of understanding for a "mid-to-long-term collaboration" to research lithium-ion batteries. BMW will also supply diesel engines to Toyota Motor Europe to help Toyota grow its European lineup of diesel-powered cars. The deal, announced at the Tokyo Motor Show today, makes sense for a variety of reasons. Like just about every other automaker, BMW has been looking for ways to make its fleet greener to both compete in the marketplace and comply with regulations -- BMW was one of 12 automakers to support the 54.5 miles-per-gallon proposal from the Obama Administration and must obey carbon emissions vehicle rules in the European Union. The company unveiled in recent months new electr...

Full article: http://www.greenbiz.com/blog/2011/12/01/toyota-bmw-form-l...

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