BMW and Toyota Expand Cooperation

By Paul Riegler on 29 June 2012
  • Share

BMW and Toyota announced at a news conference in Munich that the two companies will expand their cooperative projects to include lightweight construction, fuel cells and electric drivetrains.  The two said they would also jointly develop a new sports car.

BMW is the world’s leading premium auto maker and Toyota is Japan’s largest automobile manufacturer.

Earlier this year, the two automakers announced plans to cooperate on the development of lithium-ion batteries, a move which followed a memorandum of understanding at the end of 2011.  BMW also said it would provide Toyota with 1.6- and 2.0-liter diesel engines for cars sold in Europe.

“Toyota and BMW share the same strategic vision of sustainable individual future mobility,” said BMW CEO Norbert Reithofer at a press conference held in Munich.

The first six months of the collaboration have gone well.  “We respect each other – and I think this is shown by our taking the next step only six months since the signing of our initial agreement,” said Toyota CEO Akio Toyoda.

(Photo: BMW’s Four Cylinder Headquarters Building in Munich, Germany)