BMW (BAMXY.PK) and Toyota (TM +0.1%) intend to sign an agreement to formalize a partnership...

|By:, SA News Editor

BMW (BAMXY.PK) and Toyota (TM +0.1%) intend to sign an agreement to formalize a partnership between the two companies over lightweight construction and electric powertrains. The pair of automakers are compatible with BMW entering the small-sized hybrid auto space where Toyota is a tech leader.