MUNICH (awp international) - BMW and Toyota will jointly develop a fuel cell-powered vehicle by 2020. The two car companies have signed an agreement with the producers, a gesture that would deepen their existing cooperation. There would be other projects to follow. Norbert Reithofer, the CEO of BMW explained how the entire industry is facing major challenges in the face of technological upheaval. "This cooperation is an important component to support both companies to continue to focus on the road to success," he said. BMW and Toyota agreed upon a long-term strategic partnership in June 2012.