Toyota must be starting to love collaborative projects. Coming out of a tight relationship with Subaru where they developed the GT 86 (pictured above) and the BRZ, the Japanese company has now established a working relationship with BMW. In fact, the two companies first announced plans to join forces back in December 2011 when they announced a partnership for sharing hybrid systems and diesel engines. Then, in March 2012, they signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells.
Today, Akio Toyoda, President of Toyota Motor Corporation and Norbert Reithofer, Chairman of the Board of Management of BMW AG met again and talked about a new agreement that could lead to developing a new sports car. The two leaders talked about 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.
BMW will supply highly-efficient 1.6 liter and 2.0 liter diesel engines to Toyota Motor Europe starting in 2014 and, in return, Toyota will share their knowledge on environment-friendly hybrids and fuel cells. The relationship makes sense due to the fact that one of BMW’s strengths is their production of engines and Toyota was the first to push out their electric vehicle - the Toyota Prius - with much success.
Hit the jump to read the statements from the two CEO’s.
Reithofer said: "We aim to further strengthen our competitive position in sustainable future technologies. We signed an MoU to this effect today. Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility. Together we have a great opportunity to continue leading our industry through this transformation."
Toyoda added: "BMW and Toyota both want to make ever-better cars. We respect each other. And I think this is shown by our taking the next step only six months since the signing of our initial agreement. Toyota is strong in environment-friendly hybrids and fuel cells. On the other hand, I believe BMW’s strength is in developing sports cars. I am excited to think of the cars that will result from this relationship."