Bloomberg News

BMW Will Work With GM on Fuel Cell Technology, WiWo Reports

December 10, 2011

Dec. 10 (Bloomberg) -- Bayerische Motoren Werke AG is close to signing a deal to work with General Motors Co. on fuel-cell technology, WirtschaftsWoche reported, citing unidentified people with knowledge of the agreement.

BMW will get access to GM’s fuel-cell technology and in return will help cover research and development costs, the magazine reported on its website. The two carmakers plan to sign a memorandum of understanding following the car show in Detroit in January, the magazine said.

GM declined to comment to WirtschaftsWoche while BMW confirmed it is in negotiations with a U.S. carmaker, without going into details, WiWo said.

--Editor: Jon Menon

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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