A closer tie-up between Toyota and BMW confirmed today will help the German company reach European emissions requirements for its fleet of models by 2020, writes Brian Byrne.
Among other things the deal will share BMW's carbon-fibre development and the Japanese carmaker's hybrid technology.
The two companies will also develop together a new sports car, it was revealed at a press conference today. It's the second such venture for Toyota, whose recently launched GT86 is a joint venture with Subaru.
Under an earlier agreement, BMW diesel engines will appear in Toyota's cars in 2014, in return for access to Toyota expertise in lithium-ion battery development.
