BMW and PSA/Peugeot-Citroen to make hybrid powertrain components

Article by Christian A., on October 18, 2010

According to the latest reports, it appears that Bmw and PSA/Peugeot-Citroen will extend their engine partnership. The new partnership will include jointly developed hybrid powertrain components for front-wheel-drive vehicles.

This means that the both manufacturers will cut costs, and will standardize key components needed to make electric motors used in hybrid vehicles.

Still, the manufacturers agreed not to disclose any financial details of the deal.

Some of you may as themselves if the article is wrong, because we are talking about front-wheel-drive vehicles. But, it is now, as Bmw announced its intentions to build smaller front-wheel-drive models which will also be introduced on the United States market.

"Combining both partners' expertise in hybrid technologies will clearly create a competitive advantage," PSA said. Bmw also said that with the introduction of front-wheel-drive models, it could increase its sales numbers by 700,000 units and up to as much as 1 million.

"This cooperation will deliver a major contribution towards a competitive cost structure in the field of electrification. It also represents another important step on the road to sustainable mobility," CEO Norbert Reithofer said in a joint statement with PSA CEO Philippe Varin on Monday.

If you liked the article, share on:

Topics: bmw, psa, peugeot, citroen, hybrid

Comments

Recommended

It has been nearly eight years since Toyota entered a new era of sports cars when it officially unveiled the production version of the Toyota 86 – also known as...
by - February 27, 2019
The new Audi TT RS – yes, the top version of the German carmaker’s facelifted TT model series – is now officially here. If you could remember, the range-topping TT...
by - February 18, 2019
Nearly half a year ago when McLaren Automotive unveiled the McLaren 600LT Coupe, the British carmaker is now introducing a version that lets its passengers enjoy the thrill of an...
by - January 25, 2019
German carmaker Volkswagen is now making the latest evolution of the new Volkswagen Golf GTI -- the new Golf GTI TCR. First unveiled as a concept at the annual GTI...
by - January 24, 2019
It has been three and a half years since BMW unveiled the sixth generation of the BMW 7 Series. Thus, it is really about to give the 7 Series a...
by - January 17, 2019