UPDATE 1-BMW and Toyota extend technology ties -sources

Newswire

* Carmakers to co-operate on hybrids, carbon fibre -sources * BMW needs hybrids, electric cars to meet EU targets * Toyota becomes more important to BMW as PSA ties fade (Adds collapsed talks between BMW and GM on fuel cells) 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 ...

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