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.
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