BMW, Toyota agree on joint sportscar platform - paper

Carmakers BMW (BMW.DE) and Toyota have agreed to develop a joint platform for sportscars, BMW's development chief Herbert Diess told a German newspaper. What is important is that there will be two different vehicles that are authentic to the two brands," Frankfurter Allgemeine Zeitung on Monday quoted Diess as saying. BMW and Toyota had in January signed an agreement to cooperate on various areas including lithium-air batteries and lightweight technology. Frankfurter Allgemeine said that Diess declined to provide details on the models that would result from the cooperation.

via Business News - Yahoo Finance http://finance.yahoo.com/news/bmw-toyota-agree-joint-sportscar-082644617.html