memorandum of understanding

BMW has confirmed the German automaker will join forces with Toyota to create new green technologies. The two companies have signed a memorandum of understanding for mid-to-long-term collaboration on next-generation lithium-ion battery technology, with the option to expand the partnership into ...

As expected, General Motors has announced it's entered "into a memorandum of understanding with a buyer for Hummer," but under the terms of the transaction, the purchaser hasn't been disclosed.GM's brief release (posted after the break) ...