BMW and GM teaming up to develop fuel-cell technology
According to a report by German business magazine Wirtschaftswoche, BMW and General Motors plan to team up on the development of fuel cell technology.
Sources close to the matter say that talks between the two companies are in the advanced stages as that the automakers are close to signing an agreement. Under the partnership, BMW will get access to GM’s fuel cell technology and in exchange, BMW will contribute to research costs.
“We are speaking to GM about various future technologies but we are not saying anything more beyond that,” a BMW spokesman.
– By: Omar Rana