Toyota, BMW sign agreement to develop sports cars; fuel cells

Jan. 24, 2013

Companies tighten technical ties with plans to jointly develop a sports car platform, lithium-air batteries and new lightweight materials.

Toyota Motor Corp. and BMW are tightening technical ties with plans to jointly develop a sports car platform, lithium-air batteries and new lightweight materials.

The automakers also aim to jointly develop a fuel cell system for vehicles by 2020. The companies unveiled their agreement today, fleshing out a blueprint for cooperation first announced in 2011.

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