BMW to Supply Toyota with Diesel Engines
BMW and Toyota have announced a new partnership which will see BMW supplying its 1.6L and 2.0L diesel engines to Toyota starting in 2014. The engines will be used in certain Toyota models in Europe, so don't expect to see a BMW diesel engine under the hood of a Toyota in the U.S. anytime soon.
The two automakers have agreed on a collaborative research in the field of next-generation lithium-ion battery technologies. In addition, they have agreed to identify and discuss other possible collaborative projects.
Marking the announcement, Norbert Reithofer, Chairman of the Board of Management of BMW AG, said: "Toyota is the leading provider of environment-friendly series technology in the volume segment and the BMW Group is the most innovative and sustainable manufacturer of premium automobiles. We are now joining forces to further develop environment-friendly technologies and to expand our innovation leadership in each of our segments. Supplying Toyota with our fuel efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities for engines and powertrain systems."