Japanese car maker Toyota has signed a MoU with German auto giant BMW for joint development of a fuel cell system, power electrification, development of lightweight technologies and development of components of a future sports car.
The companies had last year in December announced long-term strategic collaboration aims.
In March 2012, the BMW Group and Toyota had signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells.
In addition, both the companies 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.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
IPL scandal: Meiyappan was confronted with Vindoo
Lee was due to come home: Wife of slain UK soldier
All eyes on BCCI's N Srinivasan after Meiyappan's arrest
Gurunath Meiyappan arrested by Mumbai Police after questioning
Toyota Motor Corporation (トヨタ自動車株式会社, Toyota Jidosha Kabushiki-gaisha?) is a multinational corporation headquartered in Japan, and is currently the world's largest automaker.[4][5][6] Toyota employs approximately 316,000 pe ...
Live: Meiyappan may be confronted with Vindoo Dara Singh again
How can we take the IPL seriously?
BCCI top brass pushes for Arun Jaitley to be interim chief: sources
'Ishkq in Paris': It is a misguided, overwrought affair
