Bayerische Motoren Werke AG (BMW) and Toyota Motor Corp. (7203) have agreed on several joint projects, expanding their cooperation, Der Spiegel reported, without saying how it got the information.
An announcement on the projects is expected soon, the German magazine said in an e-mailed preview of an article for its latest edition.
BMW can benefit from Toyota’s experience in hybrids, fuel cells and automotive electronics, while Toyota can benefit from BMW’s experience in light materials, Der Spiegel said.
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