Toyota, BMW tie up on green technologies
News On Japan via Japan Times -- Dec 02
Toyota Motor Corp. and Germany's BMW said Thursday they are teaming up in the field of hybrid vehicle technologies, aiming to speed up development and lower the costs of producing "green" vehicles amid a stricter regulatory environment.
Under the agreement, the two carmakers will carry out joint research into next-generation lithium-ion battery technologies, among other projects, they told a joint news conference in Tokyo.
BMW will also supply 1.6-liter and 2.0-liter diesel engines to Toyota's unit in Europe starting in 2014, which will help the Japanese automaker expand its lineup of low-emission vehicles in the region.
Source: Japan Times
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