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.