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Toyota and BMW have finalized their agreement to develop a sports car platform together.

From Reuters:

“We have agreed on a joint architecture for a sports car. What is important is that there will be two different vehicles that are authentic to the two brands,” Frankfurter Allgemeine Zeitung today quoted [BMW's development chief Herbert] Diess as saying.

Frankfurter Allgemeine said that Diess declined to provide details on the models that would result from the cooperation.
http://lexusenthusiast.com/2014/01/06/toyota-bmw-finalize-agreement-to-develop-sportscar-platform/
 

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at least both cars will be authentic to both brands.
it's likely just the platform which is shared along with some tech.
thankfully it wont be a BRZ and FR-S case. more original here.
 
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