BMW and Toyota join hands for a new sports car

Team OD Updated: May 09, 2013, 04:15 PM IST

Japanese car maker Toyota has signed a MoU with German auto giant BMW for joint development of a fuel cell system, power electrification, development of lightweight technologies and development of components of a future sports car. The companies had last year in December announced long-term strategic collaboration aims.

In March 2012, the BMW Group and Toyota had signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells. In addition, both the companies entered into a contract 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.

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