During a press conference at BMW's Munich headquarters, BMW CEO Norbert Reithofer and Toyota President Akio Toyoda announced an initial agreement to expand their long-term strategic collaboration.
The two automakers will jointly develop a new fuel cell system as well as an architecture and components for a future sports vehicle. They will also team up on powertrain electrification along with research and development on lightweight technologies.
Furthermore, Reithofer and Toyoda confirmed that BMW will supply 1.6L and 2.0L diesel engines to Toyota Motor Europe starting in 2014.
As for a possible collaboration with General Motors, a BMW spokesman told the media that the early talks have been suspended indefinitely.