UPDATE 1-BMW, Toyota expand pact in challenge to rivals

Newswire

* Partnership comes as both carmakers face Volkswagen threat * BMW, Toyota to cooperate in four new fields * Talks with GM are over - BMW spokesman (Adds details, background) By Christiaan Hetzner MUNICH, June 29 (Reuters) - German premium carmaker BMW and Japan's Toyota Motor Corp agreed to extend their cooperation to a bigger strategic alliance on Friday in a challenge to global rivals as competition intensifies. The agreement means BMW will cease further efforts to cooperate with General ...

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