At BMW's Munich headquarters today, Toyota boss Akio Toyoda and BMW chief Norbert Reithofer signed a memorandum of understanding, pledging to expand their existing cooperation, which was forged in December 2011.
Now the companies will embark on a long-term link-up that will include joint development of architecture and components for a future sports car. Although Toyoda and Reithofer didn't elaborate on details of that aspect of the deal, the link-up could potentially pave the way for the revival of either the Toyota Supra or the smaller Celica.
The Supra, which was last built in 2002, could be based on the platform that underpins the BMW 6-series, while a Celica could be spun off from 3-series architecture.
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