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

  • Advanced in-vehicle user interface - future developments
    February 1, 2012
    Dave McNamara and Craig Simonds, Autotechinsider LLC, look at human-machine interface development out to 2015. The US auto industry is going through the worst crisis it has faced since the Great Depression. But it has embraced technologies that will produce the best-possible driving experience for the public. Ford was the first OEM to announce in-car internet radio and SYNC, its signature-branded User Interface (UI), is held up as the shining example of change embracement.
    Read More
  • McKinsey reveals the $bns spent on mobility
    May 5, 2021
    Investors have poured nearly $330bn into more than 2,000 mobility firms since 2010
    Read More
  • ADAS ‘fastest growing sector’ in automotive field
    July 7, 2015
    According to the latest research by RnR Market Research, Advanced Driver Assistance Systems (ADAS) has been one of the fastest-growing sectors in automotive field and is expected to register a CAGR of 32 per cent during 2014-2019. Currently, developed countries in Europe and America have had nearly eight per cent of new vehicles equipped with ADAS, in contrast to about two per cent in emerging markets. It is predicted that over 25 per cent of new vehicles will carry ADAS by 2019 globally. The Global a
    Read More
  • Hyundai and Aurora partner to develop Level 4 AVs by 2021
    January 5, 2018
    Aurora’s self-driving technology will be incorporated into Hyundai Motor’s (Hyundai) vehicles in an agreement to bring Level 4 autonomy to market by 2021. The partnership aims to deploy autonomous driving quickly, broadly and safely with Hyundai’s new generation fuel-cell vehicle to be the first test model this year. In the long term, both companies will work to commercialize these vehicles worldwide. The project will initially focus on the ongoing development of hardware and software for automated and
    Read More

Highlighted Content