March 2007 1 of 1
DaimlerChrysler and BMW said they will cooperate on developing a
hybrid drive system for premium cars, the Dow Jones Newswires
"This collaboration will allow the two companies to share their
extensive know-how and to achieve increased efficiency through
economies of scale," the two companies said in a statement.
The companies said the deal wouldn't affect the identities of the
different brands, because the systems would be tailored to fit
BMW and DaimlerChrysler said they plan to bring the new system to
market within the next three years.