BMW and Toyota collaborate

BMW Group and Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid to long term collaboration on next-generation environmentally friendly technologies. Under the partnership, the two companies have agreed to collaborate on development of lithium-ion battery technologies and to identify and discuss other possible collaborative projects. In addition, Toyota Motor Europe (TME), TMC’s European subsidiary, and BMW have entered into a contract under which BMW will supply
June 25, 2012 Read time: 1 min
1731 BMW Group and 1686 Toyota Motor Corporation (TMC) have signed a memorandum of understanding (MOU) concerning a mid to long term collaboration on next-generation environmentally friendly technologies. Under the partnership, the two companies have agreed to collaborate on development of lithium-ion battery technologies and to identify and discuss other possible collaborative projects.

In addition, Toyota Motor Europe (TME), TMC’s European subsidiary, and BMW have entered into a contract under which BMW will supply 1.6 litre and 2.0 litre 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 line up and sales of fuel-efficient, low emission diesel-powered vehicles.

For more information on companies in this article

Related Content

  • Image Sensing Systems reveals significant new business agreements
    May 3, 2012
    In announcing its first quarter results yesterday, Image Sensing Systems (ISS) also revealed that it had won significant new sales or distribution agreements. For instance, the company has won an order in excess of US$2.0 million in Eastern Europe for its Autoscope product for an urban traffic control (UTC) system. The order is expected to be substantially delivered in Q2 and Q3. The company also revealed an original equipment manufacturer (OEM) agreement with Siemens A.G. that allows Siemens to offer Autos
    Read More
  • Toyota and SoftBank to launch joint venture for mobility services in Japan
    October 15, 2018
    Toyota Motor and Softbank will launch a Mobility as a Service (MaaS) business in Japan by April 2019. Called Monet Technologies, the company will combine Toyota's mobility services platform and information infrastructure for connected vehicles with Softbank's Internet of Things platform. Initially, Monet intends to deploy an on-demand transportation service as well as corporate shuttles. By the second half of the 2020s, Monet says it will launch an autonomous MaaS fleet using Toyota’s battery-ele
    Read More
  • Gatso receives second Dutch enforcement contract
    April 9, 2013
    Gatso has been awarded a second contract for the implementation of combined speed and red-light enforcement cameras in the Netherlands. The contract is part of the EG100 framework agreement, which comprises the replacement of 300 to 550 fixed installations throughout the country. The new contract covers the delivery, installation and maintenance of 143 T-Series based fixed installations, bringing the number of cameras to be delivered under the framework agreement to 237 systems. Installation is due to be c
    Read More
  • €7.2bn 'green' upgrade for Italian motorway
    November 21, 2022
    The A22 between Modena and Bolzano will offer hydrogen filling and EV charging
    Read More

Highlighted Content