BMW and Toyota partnership includes future sports car

Andross Moonah - CAP staff
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Last December, BMW Group and Toyota Motor Corporation forged a memorandum of understanding (MoU) regarding mid-to-long-term collaboration on next-generation "environment-friendly" technologies. Now, a second MoU between the two automakers has been signed with details released.

In short, BMW and Toyota plan to focus on long-term strategic collaboration in four areas: the joint development of a fuel cell system, joint research and development of lightweight technologies, collaboration on powertrain electrification, and the joint development of architecture and components for a future sports car.

"BMW and Toyota both want to make ever-better cars." commented Akio Toyoda, President of Toyota Motor Corporation. "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. Toyota's Akio Toyoda and BMW's Norbert Reithofer looking happy about their new collaboration. (Photo: BMW)
Toyota is strong in environment-friendly hybrids and fuel cells. On the other hand, I believe BMW's strength is in developing sports cars. I am excited to think of the cars that will result from this relationship."

The prospect of a co-developed sports car from BMW and Toyota has many enthusiasts excited, especially due to the success of Toyota's collaboration with Subaru in the development of the new Scion FR-S and Subaru BRZ sports coupes.

In addition to the MoU, the signing of a Joint Statement between the two automakers reconfirms the two companies' intention to fortify long-term strategic collaborations. Such collaborations include a binding agreement inked last March that focuses on joint research of next-generation lithium-ion battery cells. Starting in 2014, BMW will also supply Toyota Motor Europe with 1.6-litre and 2.0-litre diesel engines.

"We aim to further strengthen our competitive position in sustainable future technologies," said Norbert Reithofer, Chairman of the Board of Management of BMW AG. "We signed an MoU to this effect today. 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."

©(Copyright Canadian Auto Press)

Topics: Hybrid, HEV, EV, BMW, Toyota, Electric, Fuel Cells, Hybrid,

Organizations: BMW, Toyota

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