BMW Group and PSA enhance team-work to hybrid systems
Development of hybrid components for front-wheel-drive vehicles
Cooperation will precedence poignant economies of scale
Munich, Paris. The BMW Group and PSA Peugeot Citron intend to enhance their successful team-work by including hybrid components for front-wheel-drive vehicles.
A chit of bargain to this outcome has been sealed by Norbert Reithofer, Chairman of a Board of Management of BMW AG, and Philippe Varin, Chairman of a Managing Board of PSA Peugeot Citron.
The components are to be used in front-wheel-drive vehicles with electrified expostulate trains. Joint growth and prolongation of components as good as corner purchasing will precedence poignant economies of scale for both partners. It will also concede them to standardize pivotal elements for a foundation of vehicles.
This team-work will broach a vital grant towards a rival cost structure in a margin of electrification. It also represents another critical step on a highway to tolerable mobility, pronounced Reithofer.
We are gratified to enlarge a long-standing team-work formed on a clever attribute that exists between a dual companies, combined Philippe Varin. Combining both partners imagination in hybrid technologies will clearly emanate rival advantage.
Both parties have concluded not to divulge financial sum of a agreement.
The BMW Group and PSA Peugeot Citron have been successfully auxiliary on engines for several years. In Feb 2010, a dual companies concluded to rise a subsequent era of their jointly designed 4-cylinder petrol engine, that will also accommodate EU 6 requirements. The corner engine is now built into a series of MINI, Peugeot and Citron code models.
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