Global Alliance for Hybrid Drive Development: Cooperation between BMW, DaimlerChrysler and General Motors

FRANKFURT, Germany--Sept. 12, 2005--On September 7, the BMW Group, DaimlerChrysler AG and General Motors Corporation signed a "memorandum of understanding" governing the formation of an alliance of equals for the joint development of hybrid drive systems. Today a photo shoot with the CEOs took place at the 2005 IAA Frankfurt Motor Show at the Mercedes stand.

The three global automakers are cooperating in order to pool their expertise for the accelerated and efficient development of hybrid drive systems. The objective is to jointly develop a two-mode hybrid drive system that reduces fuel consumption while not compromising vehicle capability. While the base two-mode hybrid design will be common, each company will individually integrate the hybrid system into the design and manufacturing of vehicles in accordance with their brand specific requirements.

In Troy, Michigan, the new "GM, DaimlerChrysler and BMW Hybrid Development Center" will develop the overall modular system and the individual components: electric motors, high-performance electronics, wiring, safety systems, energy management, and hybrid system control units. In addition, the Hybrid Development Center will be responsible for system integration and project management.