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Friday, June 29, 2012

ALERT: BMW and Toyota will jointly develop a sports car, extend technology ties

BREAKING NEWS ALERT June 29, 2012
 
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BMW and Toyota will jointly develop a sports car, extend technology ties
Paul McVeigh
BMW and Toyota today said they will develop a sports car together and cooperate in fuel cell technology, powertrain electrification and lightweight technologies. BMW CEO Norbert Reithofer and Toyota President Akio Toyoda signed an agreement at BMW's Munich headquarters to expand long-term strategic collaboration between the two automakers.
 story 
 image BMW CEO Norbert Reithofer, right, with Toyota President Akio Toyoda, said 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.”
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