Toyota and BMW in green agreement
They will do joint research on next-generation batteries for green cars.
BMW will also supply clean 1.6 and 2 litre diesel engines to Toyota, beginning in 2014 for models for the European market.
Bosses from the two companies said they are also discussing other medium and long-term collaborative projects.
Toyota said as a result of the agreement it plans to expand its European range and sell more fuel-efficient, diesel cars.
"It is a great joy and a thrill to enter into this relationship with BMW," said the company's president Akio Toyoda.
BMW chairman Norbert Reithofer said that "supplying Toyota with our fuel-efficient and dynamic diesel engines represents another important step in the planned expansion of our sales activities".
"The agreement marks a milestone for ongoing cooperation between two companies that set the benchmark in complimentary field," said BMW's sales and marketing director Ian Robertson; Kazinform cites BBC.
To learn more go to www.bbc.co.uk