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BMW expands greentech cooperation with Toyota
Published: 24 Jan 13 11:45 CET | Print version
Online: http://www.thelocal.de/money/20130124-47535.html
Japan's Toyota and Germany's BMW on Thursday said they were deepening ties on developing fuel-cell technology and vehicle batteries as the auto giants push into the green market.
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"Toyota and the BMW Group are seizing this unique chance to lead the industry towards the future of mobility," Herbert Diess, a member of BMW's management board, said in Tokyo. "By doing so we will play a central role in defining tomorrow's vehicles."
The agreement would also see the pair work together on developing lightweight vehicle bodies and next-generation vehicle batteries. The development of fuel-cell systems has a target completion date of 2020, they said.
"The companies are convinced that fuel cell technology is one of the solutions necessary to achieve zero emissions," said a joint statement.
Under an earlier deal, the German automaker agreed to provide diesel engines for Toyota, a major player in environmentally friendly vehicles, as the Japanese firm looks to boost sales in Europe, where more than half of passenger cars are diesel powered.
Demand for lower-emission diesel vehicles is forecast to grow, with further technological advances in the field seen as crucial due to toughening emissions standards.
AFP/mry
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