BMW Shifts Future Fuel Cell Cooperation From GM To Toyota

Bayerische Motoren Werke AG ended talks with General Motors Co. to cooperate on fuel cells to power future vehicles, with the world’s largest maker of luxury autos poised to expand its partnership with Toyota Motor Corp.
“We are still talking to GM, but no longer on the topic of fuel cells,” Alexander Bilgeri, a spokesman for the Munich- based carmaker, said today by phone.
BMW and Toyota are set to expand their cooperation to fuel cells and components for electric-powered cars, said a person familiar with the situation who declined to be identified ahead of an official announcement. BMW Chief Executive Officer Norbert Reithofer and Toyota President Akio Toyoda have scheduled a press conference for June 29, according to an invitation today from the German manufacturer. The carmakers declined to comment.
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