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

  • Future Standards Forum - guidance for the future of machine vision standards
    November 9, 2012
    The Future Standards Forum (FSF), a joint initiative by European Machine Vision Association (EMVA), Automated Imaging Association (AIA) and Japan Industrial Imaging Association (JIIA), has been set up to provide proactive, strategic guidance to the development of industry standards and to minimise the creation of conflicting standards within the machine vision industry and in related industries. The FSF believes the machine vision industry is a knowledge driven industry which experiences an ever increasing
    Read More
  • After two decades of research, ITS is getting into its stride
    June 4, 2015
    Colin Sowman gets the global view on how ITS has shaped the way we travel today and what will shape the way we travel tomorrow. Over the past two decades the scope and spread of intelligent transport systems has grown and diversified to encompass all modes of travel while at the same time integrating and consolidating. Two decades ago the idea of detecting cyclists or pedestrians may have been considered impossible and why would you want to do that anyway? Today cyclists can account for a significant propor
    Read More
  • ITS Australia supports Melbourne’s world first ‘urban laboratory’
    January 6, 2017
    ITS Australia has welcomed the Victorian Government’s announcement of a unique hi-tech transport project for Melbourne. The National Connected Multimodal Transport (NCMT) test bed will develop pilots and facilitate collaborations between government, industry and academia. It will utilise thousands of sensors and wireless units fitted to roads to provide insight into how to manage transport systems and road networks in a more efficient way. The urban laboratory would cover approximately 7 kilometres
    Read More
  • Transport can build legacy of hope
    November 30, 2020
    Racial and social injustice has come to the fore this year. Samuel Johnson, IBTTA president and Transportation Corridor Agencies CEO, explains what the industry can do to build ‘a legacy of hope and progress’
    Read More

Highlighted Content