Toyota Motor Corporation and BMW Group have a strategic collaboration in four several fields including joint development of a fuel cell system, joint development of architecture and components for a future sports vehicle, and joint research and development of lightweight technologies.
According to a report by Reuters, a decision on jointly developing a sports car platform, could be taken by the year end. The platform is stated to underpin two new sports cars, one for Toyota and one for BMW. A spokesman for Toyota told the publication that the company has been studying on what kind of architecture and platform could be developed. The decision on the project is “coming up”.
Speaking to the publication on the sidelines of the 2015 Frankfurt Motor Show, Johan van Zyl, Head of European Operations, Toyota, said that all the three projects are progressing well and are on track.
Friedrich Eichiner, Chief Finincial Officer, BMW when asked about the developments stated that BMW was in talks with Toyota to intensify the collaboration, but did not reveal any specifics. Mr. Van Zyl declined to comment on the matter.
The automaker’s sales in the European region could see a slowdown by 1% to 2% due to a sluggish Russian market.