BMW, Toyota Gearing Up For Green Car Partnership
November 25th, 2011 6:45 PM
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BMW and Toyota are in talks for a technology sharing agreement, one that would reportedly see BMW provide Toyota with a diesel engine for its midsize cars in Europe.
Specific timetables and other details were not announced, but Toyota is believed to be pursuing the deal to help offset the increased cost of importing Japanese-built hybrids due to a rising yen. Toyota would likely end up sharing its vaunted hybrid technology with BMW in return.
Toyota and Ford recently signed a similar agreement regarding hybrid SUVs, while BMW and PSA (parent company of Peugeot and Citroen) signed one for hybrid subcompacts.
[Source: Reuters]
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