BMW and Toyota sign deal to collaborate on sports car and EV technology

There's not a lot of specifics to be had on this one just yet, but BMW and Toyota have inked a new deal that will see them collaborate on far more than the batteries they've already agreed to work on together. According to the automakers, the new arrangement will see them focus on four key areas: a fuel cell system, powertrain electrification, lightweight technologies and, last but not least, joint development of the "architecture and components for a future sports vehicle." Unfortunately, neither party is offering much indication about the types of vehicles we might see as a result. BMW's Norbert Reithofer said only that the goal of the partnership is to "further strengthen our competitive position in sustainable future technologies," while Toyota's Akio Toyoda notes that "BMW and Toyota both want to make ever-better cars," and that he's "excited to think of the cars that will result from this relationship."

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BMW and Toyota sign deal to collaborate on sports car and EV technology originally appeared on Engadget on Fri, 29 Jun 2012 13:21:00 EDT. Please see our terms for use of feeds.