BMW, Daimler to produce mild hybrids

Going hybrid

BMW and DaimlerChrsyler will co-develop a mild hybrid transmission for rear-wheel-drive cars which will be available within three years, according to Reuters.

Additionally, the two companies will continue their partnership with GM to develop dual mode hybrid vehicles - full hybrid vehicles.

GM is planning to launch the Yukon hybrid and the Escalade hybrid later this year, while DaimlerChrysler is hoping to launch the Durango hybrid and a Mercedes-Benz hybrid soon after GM's hybrid launch.