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Jason · 11-06-2014, 12:06 PM

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BMW Toyota Joint Sports Car Clears Feasibility Study and Moves Into Concept Phase

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According to Bloomberg, development of the BMW-Toyota joint sports car project has moved beyond the technical feasibility study stage and is now in the concept design phase:

BMW, Toyota Push Development of Midsize Sports Car

November 6, 2014

Cooperation on the underpinnings of the vehicles “has moved on to the concept phase and is running according to plan,” Munich-based BMW said in a statement to Bloomberg News. A technical feasibility study that began in January 2013 has been “successfully completed.”

The midsize model is the most visible project within a broader partnership the manufacturers have said will last until at least 2020. The two companies have been tight-lipped about details, including the targeted introduction date, after announcing the plan early last year. Toyota today confirmed that the project has moved beyond the feasibility stage, which was initially due to be completed by the end of 2013.

Toyota, the world’s largest automaker, needs sports cars “to put that energy back into the brand,” Europe Executive Vice President Karl Schlicht said last month at the Paris Motor Show when asked about the cooperation with BMW, which this year started selling the racy $135,700 i8 plug-in hybrid.

In addition to the sports car, Toyota and the world’s biggest maker of luxury vehicles are cooperating on research into fuel cells, lightweight technology and lithium-air batteries. The two companies agreed to work together on lithium-ion batteries in 2012. Both companies declined to comment further on the new sports cars.

Automakers tend to look for partners to limit costs of developing new technology and small-scale vehicles. Other tie-ups include Daimler AG’s cooperation with the Renault SA-Nissan Motor Co. alliance, which has been gradually expanding beyond projects such as new versions of Daimler’s urban Smart cars and Renault’s Twingo subcompact.

Source: http://www.bloomberg.com/news/2014-1...ports-car.html

11-06-2014, 12:06 PM	#1
Jason Administrator 40969 Rep 21,240 Posts Drives: F80 M3 Join Date: Mar 2005 Location: USA iTrader: (0)	BMW Toyota Joint Sports Car Clears Feasibility Study and Moves Into Concept Phase BIMMERPOST NEWS BMW Toyota Joint Sports Car Clears Feasibility Study and Moves Into Concept Phase 44 COMMENTS Tweet According to Bloomberg, development of the BMW-Toyota joint sports car project has moved beyond the technical feasibility study stage and is now in the concept design phase: BMW, Toyota Push Development of Midsize Sports Car November 6, 2014 Cooperation on the underpinnings of the vehicles “has moved on to the concept phase and is running according to plan,” Munich-based BMW said in a statement to Bloomberg News. A technical feasibility study that began in January 2013 has been “successfully completed.” The midsize model is the most visible project within a broader partnership the manufacturers have said will last until at least 2020. The two companies have been tight-lipped about details, including the targeted introduction date, after announcing the plan early last year. Toyota today confirmed that the project has moved beyond the feasibility stage, which was initially due to be completed by the end of 2013. Toyota, the world’s largest automaker, needs sports cars “to put that energy back into the brand,” Europe Executive Vice President Karl Schlicht said last month at the Paris Motor Show when asked about the cooperation with BMW, which this year started selling the racy $135,700 i8 plug-in hybrid. In addition to the sports car, Toyota and the world’s biggest maker of luxury vehicles are cooperating on research into fuel cells, lightweight technology and lithium-air batteries. The two companies agreed to work together on lithium-ion batteries in 2012. Both companies declined to comment further on the new sports cars. Automakers tend to look for partners to limit costs of developing new technology and small-scale vehicles. Other tie-ups include Daimler AG’s cooperation with the Renault SA-Nissan Motor Co. alliance, which has been gradually expanding beyond projects such as new versions of Daimler’s urban Smart cars and Renault’s Twingo subcompact. Source: http://www.bloomberg.com/news/2014-1...ports-car.html
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