newjerseynewsroom.com

Monday
Jul 02nd

Foreign car giants Toyota and BMW excited for joint sports car project

Saturday, 30 June 2012 13:30
BY MIKE OLIVA
NEWJERSEYNEWSROOM.COM

German automaker BMW and Japan’s Toyota Motor Corporation have agreed to work together in an effort to jointly develop a hydrogen fuel cell system. The companies will work together on the undercarriage and components for a future sports car, collaborate on electric propulsion systems, and do research together on technology that will make cars lighter.

Toyota president AkioToyoda explained that the companies are looking to combine Toyota's strength in hybrid technology and fuel cells with BMW's capability in developing sports cars.

"I get so excited thinking about the cars that will result from this relationship," Toyoda said in a statement.

BMW is looking to reduce its number of carbons emissions of its new car fleet by about a third by 2020, which is only possible if it dramatically increases its number of hybrid and electric cars on the market, according to Reuters.

"We aim to further strengthen our competitive position in sustainable future technologies," Norbert Reithofer, chairman of BMW's management board, said in the statement.

While BMW's engine technology is regarded as ultramodern in the car industry,Toyota is known for its highly efficient production methods and has pioneered the development of hybrid cars especially with its Prius model, according to the Wall Street Journal.

“Toyota and the BMW Group share the same strategic vision of sustainable individual future mobility," said Reithofer in the statement. "Together we have a great opportunity to continue leading our industry through this transformation."

Back to Top

 

Add your comment

Your name:
Subject:
Comment:
yvComment v.1.20.0


Follow/join us

Twitter: njnewsroom Linked In Group: 2483509

Hot topics

 

Children can be conned out of inheritance after multiple marriages

BY CAROL ABAYA NEWJERSEYNEWSROOM.COM THE SANDWICH GENERATION Multiple marriages and blended families can mean children get cheated out of money and assets their parent(s) earned and had before the second or third marriage. At the 2012 senior citizens’ law day conference, Lawrence A. Friedman, Bridgewater elder law attorney, said elders need to protect their children of prior marriages from being disinherited. "Even if your spouse’s current will provides for your children, your spouse may change it after you pass away,” he said. In addition to protecting one's child, an appropriate will can minimize N.J. estate taxes, which kick in if assets are over $675,000. At the conference, Cathyanne Pisciotta from North Brunswick discussed guardianship which could be necessary if various legal documents are not signed. Pisciotta said that if a person does not have a durable power of attorney (for financial affairs) and a living will (for medical decisions), anyone else can seek guardianship of that person. An expensive court proceeding is mandatory. And she said, “If one person seeks guardianship, someone else can challenge the appointment. Another relative may seek to be appointed guardian because he/she wants the money and power.”

 

NJNR Press Box

 

Join New Jersey Newsroom.com on Twitter

 

Be a Facebook fan of New Jersey Newsroom.com


**V 2.0**