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

  • Preparations building for French national truck toll
    September 12, 2012
    The Autostrade led Ecomouv consortium is developing the next big system of truck tolling likely to be introduced in Europe – France’s ‘Eco-tax’. Jon Masters reports. Since October last year, a consortium of companies has been working on developing the technological and administrative systems necessary for a national system of truck tolling in France. Eco-tax, France’s truck toll, is not necessarily going to be implemented. The Ecomouv consortium has been set up as a long term concessionaire, but so far only
    Read More
  • Toyota, Intel, form automotive big data consortium
    August 14, 2017
    Toyota Motor Corporation, Intel Corporation and other technology companies including Denso, Ericsson, telecommunications company NTT DoCoMo and Toyota InfoTechnology Centre, have formed a consortium to develop an ecosystem for big data used in connected cars. The Automotive Edge Computing Consortium plans to use big data to support emerging services such as intelligent driving, the creation of maps with real-time data and driving assistance based on cloud computing.
    Read More
  • Johnson Controls targets US with battery plant for start-stop vehicle technology
    April 23, 2012
    Johnson Controls has announced plans to invest US$138.5 million to convert its battery plant near Toledo, Ohio, in the US, into an Absorbent Glass Mat (AGM) battery facility for Start-Stop and other high efficiency vehicles. Subject to final state and local incentives, the facility will be the company's first such plant in the United States.
    Read More
  • Siemens to deliver charging solutions to electric buses to Denmark
    April 11, 2018
    Siemens has entered a three-year agreement with Denmark’s public transport authority Movia to deliver charging stations with a top-down pantograph for electric buses to help slash particle and noise pollution and CO2 emissions. The transaction could potentially benefit 45 municipalities including the city of Copenhagen and Region Zealand. Last year, these towns and two regions of Zealand made a commitment to achieve C02-neutral bus transport by 2030 as part of Movia’s Mobility Plan 2016. In addition, t
    Read More

Highlighted Content