We already knew that Fiat and Mazda are jointly developing s sports car platform, Now, BMW’s development chief Herbert Diess told a German newspaper that the German automaker and Toyota will jointly develop and share a new platform for sports cars. “We have agreed on a joint architecture for a sports car. What is important is that there will be two different vehicles that are authentic to the two brands,” the Frankfurter Allgemeine Zeitung quoted Diess as saying.

In June of 2012, BMW and Toyota signed a technology agreement covering cooperation on lithium-air batteries and lightweight technology. At the time the two companies said that they were looking into the possibility of creating a joint platform for an all new midsize sports car. That feasibility study was expected to be completed by the end of 2013. We’re at the end of 2013 and based on Diess’ comments, the study likely said that it’s feasible. (Read More…)