Toyota, BMW up 'green car' partnership
News On Japan via Japan Times -- Jun 26

Toyota Motor Corp. and BMW AG will expand their alliance on so-called eco-friendly cars, with the Japanese automaker providing its hybrid and fuel-cell technologies to the German partner in exchange for technologies that reduce vehicle weight, Toyota sources said Monday.

By sharing their technologies in the promising field, the two major carmakers aim to enhance their global competitiveness and cut development costs, the sources said, adding that they are expected to formalize and announce the accord soon.

Source: Japan Times



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