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BMW, Toyota Push Development of Midsize Sports Car

Bayerische Motoren Werke AG and Toyota Motor Corp. are moving closer to putting jointly developed sports cars on the road.

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.”