BMW and Toyota Agree to Mid-to-long-term Research Collaboration in Environment-friendly Technologies
BMW Group to Supply 1.6L and 2.0L BMW Fuel Efficient Diesel Engines to Toyota Motor
BMW Group and Toyota Motor Corporation (TMC) announce that they today signed a memorandum of understanding (MOU) concerning a mid-to-long-term collaboration on adjacent-generation surround-friendly technologies.
Under the MOU, the two companies agreed on a collaborative research in the field of adjacent-generation lithium-ion battery technologies. Furthermore, they take agreed to identify and hash out other possible collaborative projects.
In add-on, Toyota Motor Europe (TME), TMC's European subsidiary, and BMW Group have entered into a contract under which BMW Grouping is to supply 1.6 liter and ii.0 liter diesel fuel engines to TME starting in 2014. The engines will be installed in sure Toyota-produced vehicles planned for sale in the European market place. Through this understanding, Toyota plans to expand its European lineup and sales of fuel-efficient, low CO2-emission diesel-powered vehicles.
Marking the proclamation, Norbert Reithofer, Chairman of the Board of Management of BMW AG, said: "Toyota is the leading provider of environment-friendly serial technology in the volume segment and the BMW Group is the about innovative and sustainable manufacturer of premium automobiles. We are now joining forces to further develop environment-friendly technologies and to expand our innovation leadership in each of our segments. Supplying Toyota with our fuel efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities for engines and powertrain systems."
Representing TMC, President Akio Toyoda said: "It is a great joy and a thrill to enter into this mid-to-long-term collaborative relationship with BMW, a company with its own culture and history from its many years of car manufacturing in Europe, and a company that makes cars that are fun to bulldoze. In the spirit of contributing to furthering the development of the auto manufacture and society, both companies will bring their wide-ranging noesis – starting with that concerning environmental technologies – to the table and make ever-better cars."
Source: https://www.bmwblog.com/2011/12/01/bmw-and-toyota-agree-to-mid-to-long-term-research-collaboration-in-environment-friendly-technologies/
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