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Toyota Motor Corp To License Fuel-cell Technology To Bayerische Motoren Werke AG-Reuters

Tuesday, 22 Jan 2013 01:19pm EST 

Reuters reported that Toyota Motor Corp is nearing an agreement to license its fuel-cell vehicle technology to Bayerische Motoren Werke AG (BMW), the Nikkei reported. Under the agreement, to be made official on January 24, 2013 Toyota will provide BMW with drivetrain and hydrogen storage technology, the business daily said. BMW will use the technology to build a prototype vehicle by 2015, with plans for a market release around 2020.