Toyota and BMW will announce a closer alliance as early as Friday, The Nikkei [sub] and Tokyo scuttlebutt say. According to the Nikkei, the two will share Toyota’s hybrid and fuel cell technology. BMW will try seeking scale effects for its CFRP technology. TTAC will feature a closer look into Toyota’s carbon fiber capabilities once we have finished our own research.
BMW needs a new partner for its new energy plans because its relationship with PSA appears to be going down the tubes.
A news conference is expected for this Friday. Currently, the plans call for a news conference in Munich, the last one was in Tokyo.