Well, it looks like the joint venture between BMW and Toyota goes deeper than just engine supply and battery development, which was announced a few months back. They will jointly develop a sports car, too.

According to the press release from both automotive giants, the recently signed MoU aimed at a long-term strategic collaboration in four fields. BMW and Toyota will jointly develop a fuel cell system, architecture and components for a future sports vehicle, collaboration on powertrain electrification and development on lightweight technologies.

Dr. Norbert Reithofer, Chairman of the Board of Management of BMW AG said that both companies equally share a strategic vision of sustainable individual future mobility. Akio Toyoda, President of Toyota Motor Corporation (TMC), added that he believes BMW’s strength in developing sports cars and is enthusiastic about the fruits of this relationship.

So, could the next Celica or Supra be the result of this partnership? We can only wait.