BMW plans to provide diesel engines for Toyota

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
Toyota Motor Corp. and BMW AG announced they started to cooperate in environmental technologies including joint creation of lithium-ion batteries. The batteries will be used for more advanced generation of battery-powered cars. The partnership stipulates that BMW also supplies 1.6-and 2.0 liter diesel engines for Toyota cars for sale in Europe. The partners will share expenses on development of batteries thus lowering production costs.

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Thu, 01 Dec 2011 09:26:35 GMT

Swiss economy grows as expected

Switzerland's GDP expanded in compliance with analysts' forecasts in Q3, according to official data. The country's GDP added 0.2% on a seasonally adjusted basis in Q3 compared with 0.4% growth in Q2. The economy of the country grew by 1.3% in Q2 at annual rate exceeding the expected 1.8%. The growth was mostly stimulated by increase in consumption and investments in construction. USD/CHF was traded

Thu, 01 Dec 2011 12:02:02 GMT

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