BMW, Toyota Forge Closer New Alliance in Challenge to Rivals
Filed under: Toyota, Autos
By Christiaan Hetzner
MUNICH — 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 (BAMXF.PK) will cease further efforts to cooperate with General Motors (GM) and its partner PSA Peugeot Citroen.
There were few details of specifics, but the agreement echoes the pact between Mercedes parent Daimler and Renault-Nissan.
It could…
BMW, Toyota Forge Closer New Alliance in Challenge to Rivals originally appeared on DailyFinance.com on 2012-06-29T10:00:00Z.
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