BMW, Toyota in Talks Over Engine Cooperation, Sueddeutsche Says

Nov. 27 (Bloomberg) -- Bayerische Motoren Werke AG and Toyota Motor Corp. 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