BMW, Toyota in Talks Over Engine Cooperation, Sueddeutsche Says
By Stefan Nicola -
2011-11-27T17:58:59Z
Bayerische Motoren Werke AG and Toyota Motor Corp. (7203) are in discussions over sharing engines, Sueddeutsche Zeitung reported, citing unidentified people close to the negotiations.
Munich-based BMW would supply its diesel engines to Toyota in return for the Japanese rival’s hybrid technology in a deal that may be announced this week, the newspaper said.
Mathias Schmidt, a BMW spokesman, declined to comment when contacted by telephone today.
To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net
To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net
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