Business News
Toyota, BMW agree on collaboration on environmentally friendly cars
Dec 1, 2011, 7:56 GMT
Tokyo - Toyota Motor Corp and BMW AG said Thursday that they agreed to form a broad partnership in environmentally friendly vehicles.
The two carmakers agreed on a collaborative research in the field of next-generation lithium-ion battery technologies, they said in a statement.
Toyota Motor Europe and BMW have entered into a contract under which BMW is to supply fuel-efficient diesel engines to the Japanese carmaker's European unit starting in 2014, the carmakers said.
They added that the engines would be installed in certain Toyota-produced vehicles for the European market.
Through the agreement, the Japanese carmaker intends to expand its European lineup and sales of fuel-efficient vehicles and CO2-emission diesel-powered vehicles, the statement said.
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