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

  • Development project on plug-in electric hybrid powertrain
    April 18, 2012
    ALTe Powertrain Technologies, developer of the first range-extended plug-in electric hybrid powertrain for light commercial fleet vehicle applications, and Club Assist, the leading supplier of mobile, car electric and road services to motoring clubs worldwide, have announced a joint development project to study ALTe's powertrain technology in Club Assist's fleet. Club Assist will initiate the joint development project by taking possession of an ALTe-converted Ford F-150 truck for everyday fleet duties. The
    Read More
  • BMW of North America selects Inrix
    June 7, 2012
    BMW of North America has selected Inrix's premium traffic information service for next generation connected navigation systems in North America. As part of a multi-year contract, BMW is teaming with the company to provide drivers with real-time traffic, traffic-influenced turn-by-turn directions and alerts to accidents and other incidents along their route.
    Read More
  • UITP and APTA cooperate on mobility training
    October 9, 2018
    Two public transit associations are to cooperate on training around electric buses and new mobility services as part of a new agreement. The International Association of Public Transport (UITP) and the American Public Transportation Association (APTA) have signed a memorandum of understanding which will see them identifying training programmes on other issues going forward. UITP and APTA said they would work together, “where possible, to organise joint events on topics of common interest to the benefit of
    Read More
  • Siemens in hybrid drive bus partnership in Vietnam
    June 15, 2012
    Siemens Vietnam and Vietnam Motors Industry Corporation (Vinamotor) headquartered in Hanoi have entered into a cooperation agreement to apply Siemens Elfa hybrid drive technology for city buses in Vietnam. Siemens will supply all necessary components and provide technical support, while Vinamotor will prepare the platform and manufacture remaining parts of the bus for operational readiness.
    Read More

Highlighted Content