TOKYO, JAPAN – Toyota Motor Corp. and BMW Group said they have signed a memorandum of understanding to collaborate on green technologies, including next-generation lithium-ion battery development.
In addition, Toyota Motor Europe (TME), Toyota’s European subsidiary, and BMW Group have entered into a contract under which BMW Group is to supply 1.6 liter and 2.0 liter diesel engines to TME starting in 2014. The engines will be installed in certain Toyota-produced vehicles planned for sale in the European market.
Through this agreement, Toyota plans to expand its European lineup and sales of fuel-efficient, low CO2-emission diesel-powered vehicles.
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