BMW and Toyota to share hybrid and hydrogen fuel cell technology
BMW currently uses hydrogen fuel cell powered forklifts at their Spartanburg, SC Plant. Cost of producing fuel cells has reduced to a great extent making more auto makers interested in this technology. However despite lower costs, the price is still more that even a company of BMW magnitude will be able to bear and hence this new technology sharing aspect that will make it more economical for both parties.
Similarly sharing of hybrid technology will also benefit both companies. BMW has been producing hybrid vehicles which are currently in production. In exchange BMW will share their CFRP technology with Toyota. This is high pressure resin transfer molding technology that BMW is using in their I model passenger cars which will now be shared by Toyota as part of this new agreement.