BMW Group (Munich, Germany) will join General Motors Corp. (GM, Detroit, MI) and DaimlerChrysler AG (Stuttgart, Germany) to develop gasoline-electric power systems that offer better fuel economy and create fewer emissions than traditional gasoline engines. BMW intends to enter into an agreement with GM and DaimlerChrysler later this year. DaimlerChrysler and GM announced in December that they would jointly develop hybrids, and signed a deal August 22, 2005.
BMW has been developing hydrogen-powered motors, in anticipation of tougher environmental regulations and demand for lower emissions. The project will allow the company to offer new technology that will be adjusted to fit the BMW brand, and save time bringing these developments to the market. A joint development center in Troy, MI, will develop the system and its parts, including electric motors, wiring, and energy management systems. Components, production facilities, and suppliers will be shared extensively.
General Motors Powertrain Unit Vice President Tom Stephens stated, "This cooperation paves the way for extensive hybrid collaboration among BMW, DaimlerChrysler, and GM. Additional partners for the alliance are being discussed."
