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BMW Group and Toyota Agree to Mid-to-long-term Research Collaboration

December 02, 2011, 04:47 PM IST by Rachit Hirani
 BMW Group and Toyota Agree to Mid-to-long-term Research Collaboration

BMW Group and Toyota Motor Corporation (TMC) announce that they have signed a memorandum of understanding (MOU) concerning a mid-to-long-term collaboration on next-generation environment-friendly technologies.

Under the MOU, the two companies agreed on a collaborative research in the field of next-generation lithium-ion battery technologies. Furthermore, they have agreed to identify and discuss other possible collaborative projects.

In addition, Toyota Motor Europe (TME), TMC’s European subsidiary, and BMW Group have entered into a contract under which BMW Group is to supply 1.6 liter and 2.0 liter diesel engines to TME starting in 2014. The engines will be installed in certain Toyota-produced vehicles planned for sale in the European market. Through this agreement, Toyota plans to expand its European lineup and sales of fuel-efficient, low CO2-emission diesel-powered vehicles.

Tags:BMW,Toyota,BMW-Toyota
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