BMW, GM, and DaimlerChrysler Combine Efforts to Develop Hybrid Cars
September 14, 2005
The BMW Group is joining General Motors Corporation (GM) and DaimlerChrysler AG in a cooperative agreement to develop hybrid drive systems. The three global automakers will jointly develop a "two-mode" hybrid drive system for cars based on a system developed for GM hybrid buses. The center of activity will be in Troy, Michigan, where a new "GM, DaimlerChrysler, and BMW Hybrid Development Center" will develop the technology. GM and DaimlerChrysler announced their agreement in December 2004 but just signed binding agreements in late August; BMW signed a memorandum of understanding on September 7th and intends to enter into a definitive agreement later this year. See the GM press release, and for more information on the "two-mode" hybrid drive system, see the article from the December 15th, 2004, edition of this newsletter.