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BMW Group and Toyota Motor Corporation agree to further strengthen collaboration

posted by Giannis

In a surprising move, BMW signed a Memorandum of Understand with Toyota Motor Corporation seeking in collaboration in 4 fields of technology: The 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. In addition, the two companies agreed to a contract, under which BMW will supply Toyota with the two four-cylinder diesel engines of the BMW line-up, the 1.6 and 2.0, starting in 2014.

The rumors, on the other hand, say that BMW is interested in the CFRP technology that was used to create the Lexus LF-A and the economy of scales that Toyota would provide BMW, should the former partner up with BMW’s CF partner, the SGL Group. Toyota is interested in BMW’s know-how in mass production of CFRP components, as is the case with the SGL, plus BMW’s diesel engines.

We hope that this cooperation will not mean the end of the BMW – PSA cooperation that gave the line-ups of Peugeot and Citroen the Prince (1.6T) engine. You can aso read BMW’s press release after the jump.

Press Release:

Companies sign MoU aimed at collaboration in four fields of technology

Tokyo/Munich . Akio Toyoda, President of Toyota Motor Corporation (TMC), met today with Norbert Reithofer, Chairman of the Board of Management of BMW AG, at BMW Group headquarters in Munich to announce the planned expansion of their existing cooperation initiated in December last year. The two companies signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four fields: 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.

Also today, Norbert Reithofer and Akio Toyoda of TMC both signed a Joint Statement to reconfirm their companies’ shared intention to strengthen the long-term, strategic collaboration between them.

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.”

In March 2012, the BMW Group and TMC signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells. In addition, the BMW Group and Toyota Motor Europe entered into a contract under which the BMW Group will supply highly-efficient 1.6 litre and 2.0 litre diesel engines to Toyota Motor Europe, starting in 2014.

Today’s MoU represents the companies’ agreement in December last year to identify and discuss other possible collaborative projects.

Toyota’s press release and the statement of Akio Toyoda are available at

www.toyota-global.com and http://corporatemedia.toyota.eu


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