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Daimler, BMW to co-develop hybrids.

transmission systems for rear-wheel-drive premium cars, they said Thursday. The accord on so-called "mild hybrids" aims to start rolling out products within the next three years, they said in a statement, citing benefits of sharing costs, combining know-how and reaping economies of scale once the hybrids go on sale.

Daimler, BMW to co-develop hybrids.
xcel, Mar 1, 2007
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