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BMW and Toyota have come to an agreement which concerns a mid-to-long-term collaboration on next-generation environment-friendly technologies. The German and Japanese have already signed a memorandum of understanding (MOU).
On the agreement recently signed the two parts have agreed to collaborate on the research in the field of next-generation lithium-ion battery technologies. They also have come to a consensus to identify and discuss other possible collaborative projects.
“Toyota is the leading provider of environment-friendly series technology in the volume segment and the BMW Group is the most innovative and sustainable manufacturer of premium automobiles. We are now joining forces to further develop environment-friendly technologies and to expand our innovation leadership in each of our segments,” said Norbert Reithofer, Chairman of the Board of Management of BMW AG on the occasion.
On the same occasion TMC’s European subsidiary Toyota Motor Europe (TME) signed a contract with BMW Group for the Germans to supply 1.6 liter and 2.0 liter diesel engines to TME starting in 2014. These engines will be placed in certain Toyota-produced vehicles planned for sale in the European market. Thanks to this agreement Toyota is expecting to expand its European lineup and sales of fuel-efficient, low CO2-emission diesel-powered vehicles.
Reithofer added, “Supplying Toyota with our fuel efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities for engines and powertrain systems.”
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