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Toyota and BMW in green agreement | Toyota and BMW in green agreement |
(about 2 hours later) | |
Japanese carmaker Toyota and Germany's BMW are to work together on environmental-friendly motoring technology. | Japanese carmaker Toyota and Germany's BMW are to work together on environmental-friendly motoring technology. |
They will do joint research on next-generation batteries for green cars. | They will do joint research on next-generation batteries for green cars. |
BMW will also supply clean 1.6 and 2 litre diesel engines to Toyota, beginning in 2014 for models for the European market. | BMW will also supply clean 1.6 and 2 litre diesel engines to Toyota, beginning in 2014 for models for the European market. |
Bosses from the two companies said they are also discussing other medium and long-term collaborative projects. | Bosses from the two companies said they are also discussing other medium and long-term collaborative projects. |
Toyota said as a result of the agreement it plans to expand its European range and sell more fuel-efficient, diesel cars. | Toyota said as a result of the agreement it plans to expand its European range and sell more fuel-efficient, diesel cars. |
"It is a great joy and a thrill to enter into this relationship with BMW," said the company's president Akio Toyoda. | "It is a great joy and a thrill to enter into this relationship with BMW," said the company's president Akio Toyoda. |
BMW chairman Norbert Reithofer said that "supplying Toyota with our fuel-efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities". | BMW chairman Norbert Reithofer said that "supplying Toyota with our fuel-efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities". |
"The agreement marks a milestone for ongoing cooperation between two companies that set the benchmark in complimentary field," said BMW's sales and marketing director Ian Robertson. | |
The BBC's Jorn Madslien, who is at the Tokyo motor show, said neither BMW nor Toyota had a lot of experience with such co-operation deals. | |
A similar partnership between Germany's Volkswagen and Japan's Suzuki is currently on the rocks, with Suzuki trying to force an end to the co-operation. |
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