BMW and Toyota Deepen Collaboration, will Co-Develop a Mid-Size Sports Car

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After last June’s MoU (Memorandum of Understanding), the Toyota Motor Corporation and the BMW Group announced today the signing of binding agreements for the joint development of new technologies and a new sports car.

BMW Chairman Norbert Reithofer and Toyota President Akio Toyoda both expressed their satisfaction in signing the binding agreements and their shared belief that this partnership will be beneficial for their groups and help them to produce better vehicles.

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