Toyota and General Motors Agree on Fuel Cell Partnership
May 15, 2005 by Jeff Shepard
The heads of Toyota Motor Corp. (Nagoya, Japan) and General Motors Corp. (GM, Dearborn, MI) have reportedly agreed to strengthen their partnership in development of technologies for environmentally friendly vehicles. The two corporate leaders have reportedly agreed in a meeting to step up cooperation in areas such as fuel-cell-powered vehicles.
At present, there are no concrete agreements in place, but there are plans to strengthen research ties. A partnership would allow the automakers to share the cost of developing fuel-cell-powered cars -- pollution-free vehicles that are powered by hydrogen.