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Association - Germany - BMW Joins GM, DaimlerChrysler on Engines
Munich,Germany -Forbes (USA)/AP -09.07.2005: -- BMW plans to join General Motors Corp. and DaimlerChrysler AG in a joint effort to develop fuel-saving hybrid engines, the companies announced Wednesday... Munich, Germany-based BMW Group has signed a memorandum of understanding with GM and DaimlerChrysler and expects to finalize the agreement later this year... GM and DaimlerChrysler finalized their own hybrid partnership last month. Under that agreement, GM is the lead designer of hybrid engines for rear-wheel and all-wheel-drive, full-size trucks and sport-utility vehicles, front-wheel-drive cars and crossover vehicles. DaimlerChrysler is the lead designer of hybrid engines for rear-wheel-drive luxury cars... Hybrid vehicles represented less than 1 percent of U.S. sales last year, but they doubled from the year before to a total of 83,153, according to R.L. Polk & Co., a Southfield, Mich.-based firm that collects and interprets automotive data...
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