BMW and Toyota Team Up for Sports Car Development

At a presentation held today at BMW’s headquarters in Munich, the German automaker together with Toyota announced a further expansion of an original alliance established late last year.

The heads of both automakers signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four main fields. They include the joint development of a fuel cell system, collaboration on powertrain electrification, joint research and development on lightweight technologies, and joint development of architecture and components for a future sports vehicle.

Read the full story here.