Mahle and Bosch have agreed to establish a fifty-fifty joint venture to develop, manufacture, and market exhaust gas turbochargers. The venture began in April 2008 and the company will be called "Bosch Mahle Turbo Systems" which will be headquartered in Stuttgart. As part of the downsizing concept for the engines of the future, exhaust gas turbochargers are one of the key technologies for achieving a sustained cut in fuel consumption and CO2 emissions. The use of exhaust gas turbochargers is already common in modern diesel engines and they are expected to become more prevalent in gasoline engines as well. Therefore, both Mahle and Bosch are therefore expected to draw on extensive engine systems know-how, as well as competence in large-scale series production of ultra-precision components in and around the engine.