
The announcement was made today at a joint press conference that was staged at BMW's Munich headquarters and saw Toyota boss Akio Toyoda and BMW chief Norbert Reithofer sign a memorandum of understanding.

Source: http://feeds.worldcarfans.com/~r/worldcarfans/Jxfz/~3/6sfS-p-x5xg/bmw--toyota-to-jointly-develop-new-sports-car
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