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

Login or Create new account to add a comment!

Recommended

Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 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