BMW Toyota brewing technology deal
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It has recently been reported that BMW is brewing a technology deal in Toyota. It is reported that the two major car manufacturers are ready to reach an agreement. If this is the case, BMW will provide Toyota with their diesel engine technology. As a trade, the German giant will get Toyota's hybrid technology. The deal was beneficial to both parties. Toyota had been able to put more diesel-powered cars in the European regions where diesel was more popular to increase sales in Europe. On the other hand, BMW also saved the development of the Dazhang Zhouzhang. Absorb mature hybrid technology directly from Toyota.
