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.