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BMW Group and Toyota Motor Corporation determine to serve strengthen collaboration

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 and

If we have any queries, greatfully contact:

BMW Group Corporate Communications

Micaela Sandstede, Business and Finance Communications BMW Group
[email protected], Telephone: +49 89 382-61611, Fax: +49 89 382-24418

Alexander Bilgeri, Head of Business, Finance and Sustainability Communications BMW Group
[email protected], Telephone: +49 89 382-61611, Fax: +49 89 382-24418

Media website:
Email: [email protected]

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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