PSA to end hybrid-vehicle research partnership with BMW

Article by Anita Panait, on September 26, 2012

French carmaker PSA Peugeot Citroen will end its cooperation with BMW AG in hybrid-vehicle research while developing collaboration with US automaker General Motors. According to Agence France-Presse newswire, citing Peugeot's head of research and development Guillaume Faury, PSA and BMW would not build the vehicles jointly or build any factories together for the models.

PSA spokeswoman Laure de Servigny confirmed the comments to Bloomberg. BMW announced in July that it planned to continue hybrid-vehicle research on its own as it was in discussion with PSA on terminating the partnership after the latter forged an alliance with GM in February 2012.

PSA remarked in March that it didn't expect the GM partnership to affect joint ventures with other carmakers, including BMW. It further announced in June that it was looking at the future of the BMW collaboration. BMW said in July 2012 that it would retain the operations of the partnership, the BMW Peugeot Citroen Electrification, which was created in October 2011 to develop, purchase and produce electric powertrains and components.

BMW spokesman Frank Wienstroth disclosed that the carmaker has yet to decide on how the joint venture will be shaped in the future. PSA’s partnership with GM entails that it would later acquire a 7 percent stake in the French carmaker. De Servigny told Bloomberg that PSA and GM may also cooperate on hybrid models.

Topics: psa, bmw, partnership

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
WM Motor, a new China-based automaker, recently revealed its forthcoming lineup consisting of affordable electric vehicles. While there is a company is the U.S. that has the same name, they...
by - December 8, 2016
Even when Aston Martin has been mum about the upcoming AM-RB 001 hypercar, Marek Reichman at least has something new to say. In a recent interview with Australia’s Motoring, the...
by - December 8, 2016
The people at Mercedes-Benz are rejoicing. This is simply because for the first time since 1979, Mercedes-Benz has assembled 20,000 – and still counting – examples of the Mercedes-Benz G-Class....
by - December 8, 2016
When Donkervoort Automobielen BV unveiled its Donkervoort D8 GTO-RS limited edition in May 2016, customer interest has been so overwhelming that the Lelystad, Netherlands-based carmaker sold out this one-of-a-kind vehicle...
by - December 8, 2016
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