Wednesday, February 2, 2011

BMW and PSA Peugeot Citro�n Form Joint Venture to Produce Hybrid Components


Already partners in developing 4-cylinder petrol engines, BMW and PSA Peugeot Citro�n have decided to set up 50-50 equity joint venture named the BMW Peugeot Citro�n Electrification, which will primarily focus on developing hybrid components. Sharing the cost of research and development as well as production and component purchasing, the two companies expect to achieve significant economies of scale.

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