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BMW and Toyota to Produce Joint Sports Car

Toyota Motor Corp (ADR) (NYSE:TM) and Bayerische Motoren Werke AG (ETR:BMW) have struck a deal to develop a join platform for sports cars, according to Reuters. Two sports cars will be developed as part of the deal. However, both carmakers are silent as to the time frame of production and the vehicle models involved in the agreement. The deal stuck today furthers the strategic cooperation among the two carmakers.