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| JLR and BMW join forces on electric car tech | JLR and BMW join forces on electric car tech |
| (32 minutes later) | |
| BMW and Jaguar Land Rover are to join forces on developing electric car technologies. | BMW and Jaguar Land Rover are to join forces on developing electric car technologies. |
| The car giants said they would together to develop electric motors, transmissions and power electronics. | The car giants said they would together to develop electric motors, transmissions and power electronics. |
| Both firms have struggled to maintain profit margins amid falling car sales and higher costs as well as the need to invest in future technologies. | Both firms have struggled to maintain profit margins amid falling car sales and higher costs as well as the need to invest in future technologies. |
| Car firms are being forced to make low emission vehicles to meet more stringent anti-pollution rules. | Car firms are being forced to make low emission vehicles to meet more stringent anti-pollution rules. |
| There have been a number of similar tie-ups aimed at sharing the costs of developing electric cars. | There have been a number of similar tie-ups aimed at sharing the costs of developing electric cars. |
| Volkswagen and Ford, for example, are working together on new vehicles. Meanwhile, rivals FiatChrysler and Renault are exploring a $35bn tie-up. | Volkswagen and Ford, for example, are working together on new vehicles. Meanwhile, rivals FiatChrysler and Renault are exploring a $35bn tie-up. |
| BMW board member Klaus Froehlich said: "Together, we have the opportunity to cater more effectively for customer needs by shortening development time and bringing vehicles and state-of-the-art technologies more rapidly to market." | BMW board member Klaus Froehlich said: "Together, we have the opportunity to cater more effectively for customer needs by shortening development time and bringing vehicles and state-of-the-art technologies more rapidly to market." |
| Tie-up | |
| BMW and Jaguar Land Rover said they will save costs through shared research, shared production planning, and by jointly buying electric car components. | |
| BMW has been developing an electric motor, transmission and power electronics in one housing that it calls "Gen 5" of its "eDrive" technology. | |
| A joint team of BMW and JLR engineers in Munich will further develop this Gen 5 technology, then both companies will produce their own electric drivetrains, BMW said. | |
| JLR will produce these drivetrains at its Wolverhampton plant, which employs 1,600 people. |