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      10-18-2010, 12:21 PM   #1
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Post BMW and PSA Peugeot Citroen Expand Cooperation to Hybrid FWD Systems

BMW Group and PSA expand cooperation to hybrid systems

* 18.10.2010
* Press Release

Development of hybrid components for front-wheel-drive vehicles
Cooperation will leverage significant economies of scale

Munich, Paris. The BMW Group and PSA Peugeot CitroŽn intend to expand their successful cooperation by including hybrid components for front-wheel-drive vehicles.

A memorandum of understanding to this effect has been signed by Norbert Reithofer, Chairman of the Board of Management of BMW AG, and Philippe Varin, Chairman of the Managing Board of PSA Peugeot CitroŽn.

The components are to be used in front-wheel-drive vehicles with electrified drive trains. Joint development and production of components as well as joint purchasing will leverage significant economies of scale for both partners. It will also allow them to standardise key elements for the electrification of vehicles.

ďThis 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,Ē said Reithofer.

ďWe are pleased to broaden our long-standing cooperation based on the strong relationship that exists between our two companies,Ē added Philippe Varin. ďCombining both partnersí expertise in hybrid technologies will clearly create competitive advantage.Ē

Both parties have agreed not to disclose financial details of the agreement.

The BMW Group and PSA Peugeot CitroŽn have been successfully cooperating on engines for several years. In February 2010, the two companies 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 CitroŽn brand models.
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      10-19-2010, 02:21 PM   #2
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Looks Like BMW is need of some serious cash$$$ what the hell are they doing,if you can't afford a BMW don't buy it .I think BMW want more customers in the lower class buy going front wheel drive it's cheap.BMW was the only car manufactoring brand sticking to it's principals and now they do this so in the future no premium cars any more,butt cheap mass productions cars.I will buy one more 7 series next year then i'll switch to Mercedes Sclass becasuse they got there act together BMW dissapoints me with this move and with me many european BMW drivers
Whats special about driving BMW in the future they have changed. BMW makes premium cars that cost you some now they want to make cheap cars for the low segment man come on

Last edited by Lastcombo; 10-19-2010 at 06:34 PM..
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