BMW, Toyota eye close partnership: Der Spiegel

Bayerische Motoren Werke and Toyota Motor Corp are planning to expand cooperation beyond green car technology and diesel engines, Der Spiegel magazine reported on Sunday, without citing any sources. The ...

TOKYO (Reuters) - Toyota Motor Corp and BMW AG will jointly research a lithium-air battery expected to be more powerful than the lithium-ion batteries used in many hybrid and electric vehicles, the two firms said. The two companies will also work on a fuel cell vehicle system, which includes a hydrogen tank and motor, by 2020, they said on Thursday. The strengthening of the partnership between Toyota, the world's best-selling automaker, and BMW, the largest premium carmaker, will allow them to cut development costs as competition intensifies globally. ...

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Juan Carlos Zuleta submits:As reported by The Wall Street Journal a few days ago, MC Capital Advisors and Global X Management Co.

TOKYO (Reuters) - Toyota Motor Corp and BMW AG will jointly research a lithium-air battery expected to be more powerful than the lithium-ion batteries used in many hybrid and electric vehicles, the two firms said.

Automakers Toyota and BMW on Thursday struck a partnership to share eco-friendly technologies, including in the joint development of lithium-ion batteries for next-generation electric cars, the companies said.Under the deal, the German automaker will also provide diesel engines for Toyota as the Japanese auto giant looks to boost sales in Europe, where more than half of passenger cars are diesel powered.Toyota has struggled to boost its European market share with its gasoline-electric hybrid vehicles, despite its leading position in the low-emission technology.

Japanese auto giant Toyota is in discussions with BMW over a partnership in eco-friendly cars, a press report said Saturday.Under the deal, the German automaker would provide diesel engines for Toyota vehicles, while Toyota would share its hybrid technology, the business daily Nikkei said.It would mark Toyota's second green-technology tie-up with a major foreign automaker, following its agreement in August to develop hybrid-vehicle systems with Ford of the United States.A Toyota spokesman said the report was based on "speculation" and refused to comment further.