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BMW Group and Toyota Motor Corporation agree to further strengthen collaboration
Tokyo/Munich. Akio Toyoda, President of Toyota Motor Corporation (TMC), met today with Norbert Reithofer, Chairman of the Board of Management of BMW AG, at BMW Group headquarters in Munich to announce the planned expansion of their existing cooperation initiated in December last year. The two companies signed a Memorandum of Understanding (MoU) aimed at long-term strategic collaboration in four fields: joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, collaboration on powertrain electrification and joint research and development on lightweight technologies.

Also today, Norbert Reithofer and Akio Toyoda of TMC both signed a Joint Statement to reconfirm their companies' shared intention to strengthen the long-term, strategic collaboration between them.

Reithofer said: "We aim to further strengthen our competitive position in sustainable future technologies. We signed an MoU to this effect today. Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility. Together we have a great opportunity to continue leading our industry through this transformation."

Toyoda added: "BMW and Toyota both want to make ever-better cars. We respect each other. And I think this is shown by our taking the next step only six months since the signing of our initial agreement. Toyota is strong in environment-friendly hybrids and fuel cells. On the other hand, I believe BMW's strength is in developing sports cars. I am excited to think of the cars that will result from this relationship."

In March 2012, the BMW Group and TMC signed a binding agreement on collaborative research in the field of next-generation lithium-ion battery cells. In addition, the BMW Group and Toyota Motor Europe entered into a contract under which the 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 the companies' agreement in December last year to identify and discuss other possible collaborative projects.
Exciting news. My only gripe with that press release is that, BMW's never built anything like the LFA, and Toyota does indeed have experience in developing sports cars (Celica, Supra, MR2, 86, IS F...). Looking forward to the car.
 

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^ agreed. Toyota has already done more r&d in hybrid & alt fuel sources than most other compaines. What BMW is wanting to get out of them is pretty obvious but what eaxactly is Toyota after? They already have the highest end (japanse) sports/hyper car and as for excess luxury features, isnt that the point of Lexus??
 

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Im all for Toyota using more technology. Akio knows what it means to be wise. If you feel you cant make a proper car on your own, get some help. So long as BMW feels they are getting something out of it, this is win-win for everyone! Only arrogant people think they have the answer to everything. Im very please with how Akio is leading Toyota.
 

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BMW gives a driver a great experience no matter what model for the most part. Toyota in today's age isn't exactly known for a drivers car for the masses. Hopefully we get something good.
 

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BMW gives a driver a great experience no matter what model for the most part. Toyota in today's age isn't exactly known for a drivers car for the masses. Hopefully we get something good.
That may have been true in the past, I personally loved the way 90's Beemerz handle & felt to drive w/ the extra stiff steering, but have you driven any of the new ones from the past 5ish years? They decided to change the whole dynamics of their ride to that soft Euro Cloud Feel to the road :thumbdown, kinda like AUDI & Volvo have.
 

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This is good for toyota. BMW make great engines.

BMW and Toyota have already announced the German car maker will supply Toyota with 1.6-litre and 2.0-litre turbo diesel engines from 2014, and in March this year signed a binding agreement on joint research into future lithium-ion battery cell technology.
Toyota will also probably get a decent rwd platform to create a larger than FT86 sports car on.

BMW gets hybrid tech.

Good match up.
 

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Update!

The BMW-Toyota sports car? Possibilities are intriguing
The sports car that BMW and Toyota plan to jointly develop could be a way for Toyota to leap back into a performance segment it has abandoned or possibly provide a high-priced sports model for Toyota's Lexus brand.

The two companies agreed last week to work together on an "environmentally friendly" sports car as well as on fuel-cell, electric vehicle components and lightweight materials.

"BMW's strength is in developing sports cars," said Toyota President Akio Toyoda, a racing fan who repeatedly has said he wants to add zest to Toyota's lineup. "I am excited to think of the cars that will result from this relationship."

Toyoda and BMW CEO Norbert Reithofer signed the agreement in Munich.

Details and timing of the cooperation were not discussed. But the sports cars will not be identical or share a common exterior design like the jointly developed Toyota 86, Scion FR-S and Subaru BRZ coupes, said a BMW spokeswoman in Munich. The Toyota/Subaru coupes went on sale this year.

BMW's vehicle "will be a sustainable sports car with environmentally friendly technology," she said. "We are developing the architecture and components for this future car."

A BMW insider speculated that the collaboration could provide the basis for the return of the Toyota Supra, possibly using the BMW 6-series architecture. The Supra, once the performance spearhead of the Toyota lineup, was last produced in 2002.

"Anything is possible," the senior BMW manager told Autoweek, a sibling publication of Automotive News Europe. "The key factor is that the products of both companies retain their own individual character, despite jointly developed technologies."

A Lexus sports car also is a possibility. Lexus showed the LF-LC concept in January at the Detroit auto show. If the concept is built, an executive said the production version would be priced similar to a Porsche 911 Turbo, which sells for more than $137,500. Borrowing BMW's expertise in suspension technology could lend better driving feel and responsiveness to the Lexus brand.

Jim Hall, principal of 2953 Analytics Inc. in suburban Detroit, said Toyota could use technology from the BMW i8 plug-in hybrid sports car.

"It would be an expensive car," Hall said. "There is an argument that Lexus needs it and that is the logical place for them to do it."

BMW is expected to price the i8 at around $125,000 when it goes on sale in the first quarter of 2014. Sharing the i8 technology with Toyota would help BMW spread the cost of the i8's expensive components.

In March, BMW agreed to supply Toyota with its diesel engines starting in 2014 in exchange for collaboration on lithium-ion battery research.

Toyota has been the industry leader in hybrid vehicles, while BMW has expertise in carbon fiber.
 

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The OG LFA is the first 'REAL' supercar from Japan, the GTR's more of just an exotic sport. The LFA2 is prolly gonna be their closet thing to a hyper car for quite a while.
Lots more say the 2000gt is Japan's first supercar
 

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the thing about joining with BMW means that the car definitely won't be cheap! If anything its not for the avg person...i kind of doubt they are aiming for a 30k sports car with all that technology...heck even 40k; i think it will be 45+
 

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the thing about joining with BMW means that the car definitely won't be cheap! If anything its not for the avg person...i kind of doubt they are aiming for a 30k sports car with all that technology...heck even 40k; i think it will be 45+
yeah, supra.
 
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