BMW and Toyota to strengthen collaboration

Akio Toyoda, president of Toyota Motor Corporation (TMC), and Norbert Reithofer, chairman of the BMW, have announced the planned expansion of their existing cooperation initiated in December last year. The two companies signed a memorandum of understanding (MoU) aimed at a long-term strategic collaboration in four fields: joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and de
July 3, 2012 Read time: 2 mins
Akio Toyoda, president of 1686 Toyota Motor Corporation (TMC), and Norbert Reithofer, chairman of 1731 BMW, have announced the planned expansion of their existing cooperation initiated in December last year. The two companies signed a memorandum of understanding (MoU) aimed at a long-term strategic collaboration in four fields: joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies.

Reithofer and Toyoda also signed a joint statement to reconfirm their companies’ shared intention to strengthen the long-term, strategic collaboration between them.

In March 2012, the BMW Group and TMC signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells. In addition, the BMW Group and Toyota Motor Europe entered into a contract in December last year, under which the BMW Group will supply highly efficient 1.6 litre and 2.0 litre diesel engines to Toyota Motor Europe starting in 2014.

This latest MoU represents the companies’ agreement in December last year to identify and discuss other possible collaborative projects.

For more information on companies in this article

Related Content

  • Towards common standards for cooperative road infrastructures
    July 23, 2012
    Michael Noblett of Connexis discusses international progress towards common standards for cooperative road infrastructures. Will vehicle safety communications standards be able to support ITS on the international level, or will we settle once again for regional interoperability only? The answer lies in the current status of the draft standards themselves, and the requirements users and authorities are placing on the people who draft them.
    Read More
  • Toyota to fit selected new cars with advanced automotive safety system
    November 28, 2014
    Beginning in 2015, some of Toyota Motor Corporation's new models will be compatible with advanced vehicle-infrastructure cooperative systems that use a wireless frequency reserved for intelligent transport systems (ITS). This compatibility will be offered as an option for the Toyota Safety Sense P active safety package that will be made available in 2015 on selected new models sold in Japan. The systems will use the dedicated ITS frequency of 760 MHz for road-to-vehicle and vehicle-to-vehicle communicati
    Read More
  • Q-Free strengthens market offering
    October 25, 2013
    Q-Free is to acquire Serbian traffic management company Elcom in a deal worth US$1.8 million. Q-Free has signed a share purchase agreement (SPA) for the acquisition which it says reflects the company’s efforts to strengthen its business area within advanced transportation management systems (ATMS) and follows a US$1 million investment in ten percent ownership of US traffic management company Intelight. Established in 1994, Elcom offers traffic controllers, LED street lights and traffic control system sol
    Read More
  • Success of ITS Belgium's annual congress
    March 12, 2012
    In October, ITS Belgium staged its most successful annual congress to date. However, as Stijn Van Cauwenberge outlines, the association is not going to rest on its laurels in 2008. This last year has been an important one for ITS Belgium. That may seem like a cliché. However, with Peter Van der Perre being appointed as Managing Director of ITS Belgium almost one year ago (after a career with Ertico - ITS Europe for the past 10 years); a first commercial spin-off; a successful ITS Congress; and a number of a
    Read More

Highlighted Content