BMW and Toyota today announced that the will be expanding their existing cooperation that starting back in December of 2011. The two companies have now signed another Memorandum of Understanding to jointly develop fuel cell systems, architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies.
All that lightweight and green technology stuff sounds fun but we’re more focused on the part where it says ‘a future sports vehicle.’ We’re not sure what vehicle the two will be working on but it definitely has caught our attention.
‘We aim to further strengthen our competitive position in sustainable future technologies,” said Norbert Reithofer, BMW’s Chairman. “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.”
“BMW and Toyota both want to make ever-better cars,” said Toyota’s CEO Akio Toyoda. “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 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.”
– By: Omar Rana