The executives from the Japanese carmaker announced on Wednesday that Toyota Motor Corp and BMW will reach a decision about developing common sports car architecture on a collaboration project by the end of this year.
The two automakers have collaborated for some years now on fuel cell technology, lightweight components and a possible sports car. The three projects are working very well according to Johan van Zyl, head of Toyota’s European operations who said at the Frankfurt Auto Show that “They are all on schedule and on track”.
The decision will be made soon according to a spokesman for the company and it will however mean separate vehicles for each brand. The spokesman said that “By the end of the year we will approve whether or not we will make it. The whole study before that, on what kind of platform, on what kind of architecture, that’s been progressing quite well. We haven’t yet decided to give the green light to the project, but it’s coming up.”
Friedrich Eichiner, BMW Chief Financial Officer at the German brand, said that his company is talking with Toyota about further strengthening the collaboration without any other details. Van Zyl declined to comment about this matter, but said in return that Toyota sales will most likely declined with 1% or 2% in Europe because of the difficult Russian market. He also forecasted a small increase in sales for 2016 in Europe.
The largest Japenese carmaker has faced a difficult time recently with the explosions that took place in the Chinese port of Tianjin. The blasts that caused massive damage to vehicles stored inside the port by numerous automakers also triggered a shutdown that led to lost output every day for Toyota while a hiatus was implemented.