A BMW and Toyota Joint Venture Will Produce New Products and Technologies

Perillo BMW of Chicago, IL shares in the excitement of the newly announced collaboration between BMW and Toyota.

Online PR News – 05-July-2012 – Chicago, IL – Perillo BMW in Chicago, IL is pleased to share the announcement a new collaboration between BMW and Toyota. This collaboration is aimed at developing new products and advanced technologies for the automotive industry, specifically in four areas: development of a fuel cell system, powertrain electrification, development of lightweight technologies, and development of architecture and components for a future sports car.

BMW Group CEO, Norbert Reithofer, commented, “We aim to further strengthen our competitive position in sustainable future technologies. We signed [a memorandum of understanding] to this effect today. Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility.”

Toyota Motor Corporation CEO, Akio Toyoda, also said, “Toyota is strong in environment-friendly hybrids and fuel cells. On the other hand, I believe BMW’s strength is in developing sports cars. I get so excited thinking of the cars that will result from this relationship.”

Specific details regarding a new sports car were not given; however, Toyota did say it would pool resources with BMW in a similar fashion as it had with Subaru on the 86 or Scion FR-S (as it is known in the United States).

It was also reported that BMW has ended its negotiations with General Motors on developing fuel cells. It seems BMW has turned this focus towards Toyota in this joint venture.

For more information on BMW, or to schedule a test drive, please visit Perillo BMW in Chicago, IL. Their friendly staff will be happy to help all customers find the BMW to fit any lifestyle. You may also visit them online at http://www.perillobmw.com/ and on Facebook at https://www.facebook.com/PerilloBMWChicago.

About Perillo BMW

Perillo BMW is proud to be the select Chicago, Illinois area BMW dealer. Our dealership provides BMW vehicles, service, and certified BMW parts to all surrounding cities including Naperville, Schaumburg, Orland Park and more. Our dealership carries an extensive line of new, used, and certified BMW cars and SUVs.