BMW Group and Toyota Motor Corporation determine to serve strengthen collaboration

Posted on 30. Nov, 1999 by in BMW Canada

29.06.2012
BMW Group and Toyota Motor Corporation determine to serve strengthen collaboration

Companies pointer MoU directed during partnership in 4 fields of technology

Tokyo/Munich. Akio Toyoda, President of Toyota Motor Corporation (TMC), met currently with Norbert Reithofer, Chairman of a Board of Management of BMW AG, during BMW Group domicile in Munich to announce a designed enlargement of their existent team-work instituted in Dec final year. The dual companies sealed a Memorandum of Understanding (MoU) directed during long-term vital partnership in 4 fields: corner growth of a fuel dungeon system, corner growth of design and components for a destiny sports vehicle, partnership on powertrain foundation and corner investigate and growth on lightweight technologies.

Also today, Norbert Reithofer and Akio Toyoda of TMC both sealed a Joint Statement to reconfirm their companies’ common goal to strengthen a long-term, vital partnership between them.

Reithofer said: “We aim to serve strengthen a rival position in tolerable destiny technologies. We sealed an MoU to this outcome today. Toyota and a BMW Group share a same vital prophesy of tolerable particular destiny mobility. Together we have a good event to continue heading a attention by this transformation.”

Toyoda added: “BMW and Toyota both wish to make ever-better cars. We honour any other. And we consider this is shown by a holding a subsequent step usually 6 months given a signing of a initial agreement. Toyota is clever in environment-friendly variety and fuel cells. On a other hand, we trust BMW’s strength is in building sports cars. we am vehement to consider of a cars that will outcome from this relationship.”

In Mar 2012, a BMW Group and TMC sealed a contracting agreement on collaborative investigate in a margin of next-generation lithium-ion battery cells. In addition, a BMW Group and Toyota Motor Europe entered into a agreement underneath that a BMW Group will supply highly-efficient 1.6 litre and 2.0 litre diesel engines to Toyota Motor Europe, starting in 2014.

Today’s MoU represents a companies’ agreement in Dec final year to brand and plead other probable collaborative projects.

Toyota’s press recover and a matter of Akio Toyoda are accessible at
www.toyota-global.com and http://corporatemedia.toyota.eu

If we have any queries, greatfully contact:

BMW Group Corporate Communications

Micaela Sandstede, Business and Finance Communications BMW Group
Micaela.Sandstede@bmw.de, Telephone: +49 89 382-61611, Fax: +49 89 382-24418

Alexander Bilgeri, Head of Business, Finance and Sustainability Communications BMW Group
Alexander.Bilgeri@bmw.de, Telephone: +49 89 382-61611, Fax: +49 89 382-24418

Media website: www.press.bmwgroup.com
Email: presse@bmw.de

Toyota Motor Corporation

Media from a Americas, Europe or Africa: +81-3-3817-9926/9161
Media from Asia, Oceania or a Middle East: +81-3-3817-9182/9174

The BMW Group
The BMW Group is one of a many successful manufacturers of automobiles and motorcycles in a universe with a BMW, MINI, Husqvarna Motorcycles and Rolls-Royce brands. As a tellurian company, a BMW Group operates 29 prolongation and public comforts in 14 countries and has a tellurian sales network in some-more than 140 countries.
In 2011, a BMW Group sole about1.67 million cars and some-more than 113,000 motorcycles worldwide. The distinction before taxation for a financial year 2011 was euro 7.38 billion on revenues amounting to euro 68.82 billion. At 31 Dec 2011, a BMW Group had a workforce of approximately 100,000 employees.
The success of a BMW Group has always been built on long-term meditative and obliged action. The association has therefore determined ecological and amicable sustainability via a value chain, extensive product shortcoming and a transparent joining to conserving resources as an constituent partial of a strategy. As a outcome of a efforts, a BMW Group has been ranked attention personality in a Dow Jones Sustainability Indexes for a final 7 years.

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