Japanese carmaker Toyota and German rival BMW have agreed to expand their collaboration on next generation vehicle technologies.
Toyota president Akio Toyoda and chair of the BMW board of management Norbert Reithofer signed a memorandum of understanding (MoU) agreeing to a programme of strategic collaboration on the development of a fuel cell system and powertrain electrification.
The two will also work on the components for a future sports vehicle and lightweight vehicle technologies.
Earlier this year, the two companies agreed to work together on next generation lithium-ion batteries and also have an agreement for BMW to supply its highly efficient 1.6 litre and 2.0 litre diesel engines to Toyota starting in 2014.
“We aim to further strengthen our competitive position in sustainable future technologies,” commented BMW chair Reithofer. “Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility. Together we have a great opportunity to continue leading our industry through this transformation.”
Toyoda, the Japanese carmaker’s head, adds:
“Toyota is strong in environment-friendly hybrids and fuel cells … I believe BMW’s strength is developing sports cars. I get so excited thinking about the cars that will result from this relationship.”
For further information:
Toyota stays number one in green brand ranking (28-Jun)
BMW, Ford and IKEA among companies helping deploy electric vehicles in US (22-Jun)
Saab to be restarted as electric carmaker (15-Jun)
Sales of Toyota hybrids top 4 million worldwide (24-May)
02 July 2012