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Bayerische Motoren Werke AG (BMW), Toyota Motor Corporation To Widen Cooperation-DJ

Friday, 29 Jun 2012 06:50am EDT 

Dow Jones reported that Bayerische Motoren Werke AG (BMW) and Toyota Motor Corporation agreed to widen their cooperation projects to fields including lightweight construction, fuel cells and electric drivetrains, underscoring a broad trend in the industry to team up and benefit from economies of scale. In March, BMW and Toyota rubber-stamped an agreement to cooperate on lithium-ion battery cells following a memorandum of understanding signed in December. As part of the deal, BMW will supply Toyota's European division with 1.6 liter and 2.0 liter diesel engines from 2014. 

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