BMW Group and Toyota Agree to
Mid-to-long-term Research Collaboration in Environment-friendly
BMW Group to Supply 1.6L and 2.0L BMW Fuel
Efficient Diesel Engines to Toyota Motor
Tokio/München - BMW Group and Toyota Motor
Corporation (TMC) announce that they signed a memorandum of
understanding (MOU) concerning a mid-to-long-term collaboration on
next-generation environment-friendly technologies.
Under the MOU, the two companies agreed on
a collaborative research in the field of next-generation lithium-ion
battery technologies. Furthermore, they have agreed to identify and
discuss other possible collaborative projects.
In addition, Toyota Motor Europe (TME),
TMC’s European subsidiary, and BMW Group have entered into a contract
under which BMW Group is to supply 1.6 liter and 2.0 liter diesel
engines to TME starting in 2014. The engines will be installed in
certain Toyota-produced vehicles planned for sale in the European
market. Through this agreement, Toyota plans to expand its European
lineup and sales of fuel-efficient, low CO2-emission diesel-powered
Marking the announcement, Norbert
Reithofer, Chairman of the Board of Management of BMW AG, said: “Toyota
is the leading provider of environment-friendly series technology in the
volume segment and the BMW Group is the most innovative and sustainable
manufacturer of premium automobiles.