BMW to continue hybrid-vehicle research if PSA joint venture breaks up

Article by Anita Panait, on July 10, 2012

BMW would continue to conduct researches on hybrid vehicles if its joint venture PSA/Peugeot-Citroen breaks up. The German carmaker is currently holding discussions with its French partner over a possible breakup of their joint venture named BPC Electrification. According to French daily newspaper La Tribune, BMW plans to acquire PSA’s 50 percent stake in BPCE as the German automaker seeks to retain the joint venture in its fold.

BMW and PSA established BPCE in October 2011 with aims to develop, purchase and produce electric powertrains and components. The joint venture comprises a research and development center in Munich, Germany as well as a manufacturing plant in Mulhouse, France, where 250 employees will be hired to electrify about 10,000 vehicles starting in 2015. 

Micaela Sandstede, a spokeswoman for BMW, told Bloomberg in a phone interview that it is still undecided whether the joint venture’s employees will be absorbed by the German carmaker in the process, adding that the company is still in talks over the “dismantling” of BPCE. Following General Motors’ acquisition of a 7-percent stake in PSA, the French carmaker and its German partner said on June 21, 2012, that they were looking at BPCE’s future.

Topics: bmw, psa

If you liked the article, share on:

Comments

Recommended

There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries