BMW and Peugeot to expand cooperation for hybrid systems
"It also represents another important step on the road to sustainable mobility," said BMW chairman.
The BMW Group and PSA Peugeot Citroen have signed a memorandum of understanding (MoU) to expand their cooperation by including hybrid components to be used in front-wheel-drive vehicles with electrified drive trains.
In February 2010, both the companies have agreed to develop the next generation of their jointly designed 4-cylinder petrol engine, which will also meet EU 6 requirements.
The joint engine is currently built into a number of MINI, Peugeot and Citroen brand models.
BMW chairman of the board of management Norbert Reithofer said that this cooperation will deliver a major contribution towards a competitive cost structure in the field of electrification.
"It also represents another important step on the road to sustainable mobility," said Reithofer.
PSA Peugeot Citroen chairman of the managing board Philippe Varin said that combining both partners' expertise in hybrid technologies will clearly create competitive advantage.