Cheaper hybrids thanks to BMW, GM and Chrysler?

BMW will join the GM and Chrysler hybrid vehicle partnership according to the AP. “The creation of a shared technology platform for hybrid drives will allow us to more quickly integrate the best technologies on the market,” said Burkhard Goschel, BMW’s head of development. According to the report, this should enable the partnership to provide cheaper hybrid cars. (More)

Even Toyota and Ford hybrids should become cheaper with this move as more suppliers move into the hybrid space, creating competition for newer and battery batteries and other hybrid powertrain supplies.