BMW allies with Toyota, expands cooperation


MUNICH, June 29 (Reuters) - German premium carmaker BMW and Japan's Toyota Motor Corp. agreed to forge a long-term strategic alliance on Friday, signing a new deal to expand its existing collaboration to include four new fields. The deal would signify a second major transatlantic pact of a German premium carmaker after Mercedes parent Daimler collaborated with Renault-Nissan . It could also serve to help ward off close rival Audi, which can enjoy bigger scale effects thanks to its parent ...

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