BMW and Toyota have agreed to co-develop a common platform for a sports car, according to reported remarks made by BMW head of R&D Herbert Diess.

Mr Diess told German newspaper Frankfurter Allgemeine Zeitung that the two companies have agreed to develop a common architecture for a sports car, but that “the two cars will be different and authentic to the two brands”.

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The two companies had previously agreed to collaborate in various other technology development programmes, including lithium-air batteries and light-weighting technologies. A feasibility study was carried out last year into the joint development of a mid-sized sports car.

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