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

Volkswagen of America has a nice surprise for potential customers of the new VW Tiguan (2018 model year). The latest iteration of the Tiguan – set to arrive in the...
by - May 25, 2017
Toyota Camry is many things but exciting isn’t one of its frequent descriptions. That’s why throughout the years, Toyota has been stepping up its game for the said model in...
by - May 25, 2017
Volkswagen intends to leave the crowd in awe at the Worthersee Meeting (Wortherseetreffen) – the largest VW and Audi car show in Europe – with its new GTI Worthersee concept. ...
by - May 25, 2017
The much-hyped 2018 Dodge Challenger SRT Demon certainly has attracted a lot of attention, and possibly many potential buyers. Now, here is good news for interested customers: Dodge has finally...
by - May 25, 2017
An RHD (right hand drive) BMW M4 DTM Champion Edition has been listed to be for sale by Romans International, UK’s leading supercar dealership. The first owner of this rare...
by - May 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