BMW and Toyota extend technology ties -sources

Newswire

MUNICH/HAMBURG, June 27 (Reuters) - BMW and Toyota plan to expand a technological partnership, two sources close to the companies told Reuters, a deal that could prompt a shift in auto industry allegiances. The agreement will be extended to include hybrid powertrains and lightweight design, the sources said on Wednesday. BMW has primarily preferred France's PSA Peugeot Citroen as a partner when it comes to reducing development and production costs. But the cash-strapped French have recently ...

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