In a statement, BMW’s Chief Executive Oliver Zipse stated, he aims to further strengthen the carmaker’s alliance with Toyota and wants it to go beyond 2025. The current alliance revolves around fuel cells and convertibles vehicles.
“In the next decades, we would do well to strengthen bonds,” said Zipse to the Automobilwoche Kongress.
The bond between the two carmakers which currently includes a deal on fuel cell cars and joint development of a sports-car, should extend beyond 2025, said Zipse.
Powered by hydrogen fuel cell vehicles may benefit from a concerted push by policymakers to industrialize the production of hydrogen, opined Zipse.
In a separate statement, Zipse also mentioned that BMW is looking for ways to save costs by cutting down models in its portfolio.
“Coupés, convertibles and roadsters, we will see what will be left,” said Zipse in reference to the areas where BMW is reviewing its product offering.